Unlike the cold winter weather some have been experiencing, PE deal activity has warmed up this December. PE investors have completed 125 deals this month, up from 103 during November. Another 29 deals are announced but still in play. Like last month, the B2B Products and Services industry has accounted for most of the deal flow in December. It is also the industry which has had the greatest increase in percentage of deal flow since November, jumping 10.2 percentage points to account for 38.4% of December's deals. Conversely, the B2C Products and Services industry underwent the largest decrease, falling 5.6 percentage points to 21.6%.