A total of 118 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 Digital Media, in the last twelve months resulting in a total deal value of over $1,845.6 million. In the LTM period, November 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $431.9 million, resulting in an average deal value of $27.0 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 17 deals, resulting in an average deal value of $9.5 million during that month.
Of the 118 deals, the deal secured between Andalusian Private Capital LP; Insight Partners and Moon Active Ltd., was the largest Private Equity/Venture Financing deal in the Middle East and Africa Technology, Media and Telecom sector driven by Digital Media, which was valued at $300.0 million and was completed on November 23, 2021. The second-largest deal was between Sanabil Investments; SoftBank Vision Fund 2 and Unifonic, while the third-largest deal was between Cambridge Capital Group LLC; GLP Ventures; Insight Partners; Next47 Inc.; Pereg Ventures LLC; Salesforce Ventures; Shmuel Harlap; Viola Growth and Bringg Delivery Technologies Ltd. The Sanabil Investments; SoftBank Vision Fund 2-Unifonic deal and the Cambridge Capital Group LLC; GLP Ventures; Insight Partners; Next47 Inc.; Pereg Ventures LLC; Salesforce Ventures; Shmuel Harlap; Viola Growth-Bringg Delivery Technologies Ltd deal were valued at $125.0 million and $100.0 million, respectively. The fourth-largest deal was between ACCEL Corp; Eight Roads Ventures; Intel Capital Corp; Lumira Capital Investment Management Inc-Workey Employees Recruitments Ltd valued at $90.0 million, whereas the deal between Lightspeed Ventures, Pvt. Ltd.; Nyca Partners; Sequoia Capital (Israel); Thoma Bravo LP; Viola Ventures; Warburg Pincus LLC-Personetics Technologies Ltd valued at $85.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $700.0 million and accounted for nearly 37.93% of the total deals (by value) announced during the last twelve months. The Middle East and Africa region accounted for 1.46% of the total Private Equity/Venture Financing deals done globally, and accounted for 4.23% of the total deal size on a global scale.
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