A total of 156 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 Artificial Intelligence, in the last twelve months resulting in a total deal value of over $4,831.9 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 $1,002.5 million, resulting in an average deal value of $77.1 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 20 deals, resulting in an average deal value of $22.1 million during that month.
Of the 156 deals, the deal secured between Brookfield Business Partners LP and Magnati Payment Solutions, was the largest Private Equity/Venture Financing deal in the Middle East and Africa Technology, Media and Telecom sector driven by Artificial Intelligence, which was valued at $690.0 million and was completed on February 28, 2022. The second-largest deal was between Eldridge Industries LLC; SoftBank Vision Fund 2 and AnyVision Interactive Technologies Ltd, while the third-largest deal was between Canada Pension Plan Investment Board; Harel Insurance Investments and Financial Services Ltd; Koch Disruptive Technologies; KSH Capital; Pontifax Global Food and Agriculture Technology Fund LP; Princeville Capital; Temasek Holdings (Private) Ltd; Union Tech Ventures Ltd; Wharton Equity Partners LLC and CommonSense Robotics Ltd. The Eldridge Industries LLC; SoftBank Vision Fund 2-AnyVision Interactive Technologies Ltd deal and the Canada Pension Plan Investment Board; Harel Insurance Investments and Financial Services Ltd; Koch Disruptive Technologies; KSH Capital; Pontifax Global Food and Agriculture Technology Fund LP; Princeville Capital; Temasek Holdings (Private) Ltd; Union Tech Ventures Ltd; Wharton Equity Partners LLC-CommonSense Robotics Ltd deal were valued at $235.0 million and $200.0 million, respectively. The fourth-largest deal was between Advent International Corp; Brighton Park Capital; Greenfield Partners LLC; Joule Ventures LLC; Maor Investments LLC; O.G. Tech Ventures; Red Dot Capital Partners; REVAIA; StageOne Ventures-Coralogix Limited valued at $142.0 million, whereas the deal between CyberStarts; ForgePoint Capital Management LLC; Georgian Wine and Spirits LLC; Insight Partners; Lightspeed Management Company, L.L.C; Next47 Inc.; The Syndicate Group Inc-Noname Security valued at $135.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $1,402.0 million and accounted for nearly 29.02% of the total deals (by value) announced during the last twelve months. The Middle East and Africa region accounted for 4.57% of the total Private Equity/Venture Financing deals done globally, and accounted for 5.36% of the total deal size on a global scale.
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