A total of 323 Mergers & Acquisitions (M&A) deals (pending and completed) were announced in the Middle East and Africa region, in the last twelve months resulting in a total deal value of over $71,559.5 million. In the LTM period, September 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $9,963.8 million, resulting in an average deal value of $369.0 million during that month. On the other hand, the month of December 2021 was the most prolific in terms of deal volume, recording a total of 34 deals, resulting in an average deal value of $237.6 million during that month.
Of the 323 deals, the deal secured between MSC Mediterranean Shipping Co SA and Bollore Africa Logistics, was the largest M&A deal in the Middle East and Africa region, which was valued at $6,404.1 million and was completed on March 31, 2022. The second-largest deal was between Intel Corp and Tower Semiconductor Ltd, while the third-largest deal was between iWebb Inc and Tingo Mobile Limited. The Intel Corp-Tower Semiconductor Ltd deal and the iWebb Inc-Tingo Mobile Limited deal were valued at $5,400.0 million and $3,700.0 million, respectively. The fourth-largest deal was between Saudi Industrial Investment Group-National Petrochemical Co valued at $3,240.0 million, whereas the deal between Vodacom Group Ltd-Vodafone Egypt Telecommunications SAE valued at $3,154.6 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $21,898.6 million and accounted for nearly 30.60% of the total deals (by value) announced during the last twelve months. The Middle East and Africa region accounted for 2.92% of the total M&A deals done globally, and accounted for 4.22% of the total deal size on a global scale.
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