The global equipment and services capital market has registered 66 transactions totaling $8.7bn during the first quarter of 2017, according to a report by GlobalData.
Titled ‘Quarterly Equipment and Services Capital Raising Review – Q1 2017’, the report states that out of the 66 deals, 23 were greater than $100m in value, with the combined value of such deals being $7.4bn.
Compared with the previous report released in the fourth quarter of 2016, the number of deals greater than $100m value was 28, with a combined value of $11.8bn.
In terms of regions, the Americas led the global capital raising market registering 41 deals totaling $7bn. The region had the highest number of deals in terms of both volume and value, at 62% and 80% respectively.
The top deal registered during the quarter was the private placement of 0.75% exchangeable senior unsecured notes by Nabors Industries to raise gross proceeds of $575m.