A total of 43 Private Equity/Venture Financing deals (pending and completed) were announced in the Business and Consumer Services of the Asia-Pacific region, driven by Cloud, in the last twelve months resulting in a total deal value of over $853.0 million. In the LTM period, October 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $222.0 million, resulting in an average deal value of $31.7 million during that month. On the other hand, the month of October 2021 was the most prolific in terms of deal volume, recording a total of 7 deals, resulting in an average deal value of $31.7 million during that month.
Of the 43 deals, the deal secured between Alkeon Capital; Balderton Capital (UK) LLP; Lightspeed Management Company, L.L.C and Hubilo Softech Pvt Ltd, was the largest Private Equity/Venture Financing deal in the Asia-Pacific Business and Consumer Services sector driven by Cloud, which was valued at $125.0 million and was completed on October 12, 2021. The second-largest deal was between GGV Jiyuan Capital; Hillhouse Ventures; IDG Capital; Qiming Venture Capital and Xiaoe Tech, while the third-largest deal was between Blue Lake Capital AG; GGV Capital; GL Ventures; GSR Ventures; Tiger Global Management LLC and Beijing Xiruiyasi Technology Co Ltd. The GGV Jiyuan Capital; Hillhouse Ventures; IDG Capital; Qiming Venture Capital-Xiaoe Tech deal and the Blue Lake Capital AG; GGV Capital; GL Ventures; GSR Ventures; Tiger Global Management LLC-Beijing Xiruiyasi Technology Co Ltd deal were valued at $120.0 million and $100.0 million, respectively. The fourth-largest deal was between Sequoia Capital India; Tiger Global Management LLC-Multiplier Technologies Pte. Ltd valued at $60.0 million, whereas the deal between Alpha Commune; Linear Capital; Money Forward Inc; NIO Capital; Temasek Holdings-PT Mid Solusi Nusantara; Whale Vision valued at $50.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $455.0 million and accounted for nearly 53.34% of the total deals (by value) announced during the last twelve months. The Asia-Pacific region accounted for 16.71% of the total Private Equity/Venture Financing deals done globally, and accounted for 26.71% of the total deal size on a global scale.
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