Mergers and acquisitions involving private equity funds in the Asia Pacific region climbed in value by a quarter during 2005.
The funds' regional deals totalled $35.1 bln in value last year, and generated substantial revenues for their advisors the investment banks, according to financial data provider Dealogic.
''2005 was a great year for private equity in the region,'' said Jamie Paton, head of North Asia for British private equity firm 3i Group.
China moved up from 5th to second place with $6 bln worth of deals.
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