A total of 84 Private Equity/Venture Financing deals (pending and completed) were announced in the Asia-Pacific region, driven by Virtual and Augmented Reality, in the last twelve months resulting in a total deal value of over $1,488.7 million. In the LTM period, March 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $409.3 million, resulting in an average deal value of $40.9 million during that month. On the other hand, the month of November 2021 was the most prolific in terms of deal volume, recording a total of 11 deals, resulting in an average deal value of $29.9 million during that month.
Of the 84 deals, the deal secured between Binance NFT Marketplace; SoftBank Vision Fund 2 and Naver Z Corp.; Sky Mavis Inc, was the largest Private Equity/Venture Financing deal in the Asia-Pacific driven by Virtual and Augmented Reality, which was valued at $150.0 million and was completed on November 30, 2021. The second-largest deal was between 5Y Capital; Citic Private Equity Funds Management Co Ltd; Gaorong Capital; GL Ventures; Morningside Ventures; Sequoia Capital China; Temasek Holdings (HK) Limited and XVERSE, while the third-largest deal was between CPE Yuanfeng; Gimpo Ventures; Hillhouse Ventures; Hongtai Fund; Sequoia Capital China; Weilai Capital; Yunfeng Fund L.P and Nreal Technology Co Ltd. The 5Y Capital; Citic Private Equity Funds Management Co Ltd; Gaorong Capital; GL Ventures; Morningside Ventures; Sequoia Capital China; Temasek Holdings (HK) Limited-XVERSE deal and the CPE Yuanfeng; Gimpo Ventures; Hillhouse Ventures; Hongtai Fund; Sequoia Capital China; Weilai Capital; Yunfeng Fund L.P-Nreal Technology Co Ltd deal were valued at $120.0 million and $100.0 million, respectively. The fourth-largest deal was between Paratus Investment-VA Corporation valued at $81.0 million, whereas the deal between Alibaba Group Holding Ltd-Nreal Technology Co Ltd valued at $60.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $601.0 million and accounted for nearly 40.37% of the total deals (by value) announced during the last twelve months. The Asia-Pacific region accounted for 20.22% of the total Private Equity/Venture Financing deals done globally, and accounted for 29.79% of the total deal size on a global scale.
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