A total of 97 Private Equity/Venture Financing deals (pending and completed) were announced in the Technology, Media and Telecom of the Middle East and Africa region, driven by Digitalization, in the last twelve months resulting in a total deal value of over $2,191.7 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 $462.3 million, resulting in an average deal value of $57.8 million during that month. On the other hand, the month of March 2022 was the most prolific in terms of deal volume, recording a total of 14 deals, resulting in an average deal value of $4.1 million during that month.
Of the 97 deals, the deal secured between Founders Fund; Partech Africa SLP; Ribbit Capital, L.P.; Sam Altman; Sequoia Heritage; Stripe Inc and Wave Mobile Money Inc, was the largest Private Equity/Venture Financing deal in the Middle East and Africa Technology, Media and Telecom sector driven by Digitalization, which was valued at $200.0 million and was completed on September 7, 2021. The second-largest deal was between Endeavor Catalyst; Prosus NV; Sequoia Capital India; STV - Saudi Arabia and Foodics, while the third-largest deal was between Altshuler Shaham Group; Claltech; Goldman Sachs Asset Management LP; Greycroft Ventures; Hanaco Ventures Capital Ltd; Harel Insurance Investments and Financial Services Ltd; Insight Partners; Migdal Insurance Company Ltd.; Shavit Capital Fund and Lightricks Ltd. The Endeavor Catalyst; Prosus NV; Sequoia Capital India; STV - Saudi Arabia-Foodics deal and the Altshuler Shaham Group; Claltech; Goldman Sachs Asset Management LP; Greycroft Ventures; Hanaco Ventures Capital Ltd; Harel Insurance Investments and Financial Services Ltd; Insight Partners; Migdal Insurance Company Ltd.; Shavit Capital Fund-Lightricks Ltd deal were valued at $170.0 million and $130.0 million, respectively. The fourth-largest deal was between CDC Group Plc.; Endeavor Catalyst; International Finance Corp; LeapFrog Investments; MSA Capital; Novastar Ventures Limited; ParTech (France); Sahel Capital; Tana Africa Capital Limited-InterSwitch Ltd; TradeDepot Inc. valued at $110.0 million, whereas the deal between Cambridge Capital Group LLC; GLP Ventures; Insight Partners; Menorah Manor Inc; Mivtach Shamir Holdings Ltd; MoreTech Ventures; Next47 Inc.; PayPal Ventures; Pereg Ventures LLC; Pitango Venture Capital; Salesforce Ventures; Shmuel Harlap; SoftBank Vision Fund 2; State of Mind Ventures; Viola Growth-Bringg Delivery Technologies Ltd; StreamElements valued at $100.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $720.0 million and accounted for nearly 32.85% of the total deals (by value) announced during the last twelve months. The Middle East and Africa region accounted for 2.31% of the total Private Equity/Venture Financing deals done globally, and accounted for 4.91% of the total deal size on a global scale.
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