A total of 80 Private Equity/Venture Financing deals (pending and completed) were announced in South Africa, in the last twelve months resulting in a total deal value of over $1,518.6 million. In the LTM period, February 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $312.5 million, resulting in an average deal value of $44.6 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 $25.4 million during that month.
Of the 80 deals, the deal secured between Old Mutual Private Equity and Long4Life Limited, was the largest Private Equity/Venture Financing deal in the South Africa, which was valued at $276.7 million and was completed on February 28, 2022. The second-largest deal was between Founders Fund; Partech Africa SLP; Ribbit Capital, L.P.; Sam Altman; Sequoia Heritage; Stripe Inc and Wave Mobile Money Inc, while the third-largest deal was between Fidelity Management & Research Company; Kingsway Capital LLP; Visa Inc and Jumo World Ltd. The Founders Fund; Partech Africa SLP; Ribbit Capital, L.P.; Sam Altman; Sequoia Heritage; Stripe Inc-Wave Mobile Money Inc deal and the Fidelity Management & Research Company; Kingsway Capital LLP; Visa Inc-Jumo World Ltd deal were valued at $200.0 million and $120.0 million, respectively. The fourth-largest deal was between AIIF4 Fund; IDEAS Fund-The Logistics Group Proprietary Limited valued at $109.4 million, whereas the deal between Admaius Capital Partners; AfricInvest Group; Allan Gray Africa Equity Fund; AXA Investment Managers Ltd; CommerzVentures GmbH; Endeavor Catalyst; Equator Capital Partners LLC; Goodwell Investments BV; LUN Partners Group; Ulme BV; Vitruvian Partners LLP; Vlemeij BV-MFS Africa Ltd valued at $100.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $806.1 million and accounted for nearly 53.08% of the total deals (by value) announced during the last twelve months.
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