The value of private equity-backed investments in the publishing industry soared in 2023 on the back of a billion-dollar deal by private equity giant KKR & Co. LP, S&P Global Market Intelligence data shows. Aggregate transaction value between Jan. 1 and Nov. 23 stood at $2.42 billion, compared with just $5.4 million recorded for all of 2022. The number of deals, meanwhile, grew to 26 from 24 transactions a year ago. Thirteen of the deals were in the US and Canada. Asia-Pacific and Europe recorded seven and six deals, respectively. In the fourth quarter to Nov. 23, the publishing industry recorded six private equity-backed transactions, slightly up from five in the full fourth quarter of
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