A total of 30 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 Mobile, in the last twelve months resulting in a total deal value of over $623.9 million. In the LTM period, April 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $197.0 million, resulting in an average deal value of $98.5 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 4 deals, resulting in an average deal value of $30.3 million during that month.
Of the 30 deals, the deal secured between Endeavor Catalyst; Prosus NV; Sequoia Capital India; STV - Saudi Arabia and Foodics, was the largest Private Equity/Venture Financing deal in the Middle East and Africa Technology, Media and Telecom sector driven by Mobile, which was valued at $170.0 million and was completed on April 20, 2022. The second-largest deal was 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 and MFS Africa Ltd, while the third-largest deal was between AfricInvest Group; Allan Gray Africa Equity Fund; CommerzVentures GmbH; Endeavor Catalyst; Endeavor Global, Inc.; Goodwell Investments BV; LUN Partners Group; ShoreCap III LP and MFS Africa Ltd. The 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 deal and the AfricInvest Group; Allan Gray Africa Equity Fund; CommerzVentures GmbH; Endeavor Catalyst; Endeavor Global, Inc.; Goodwell Investments BV; LUN Partners Group; ShoreCap III LP-MFS Africa Ltd deal were valued at $100.0 million and $70.0 million, respectively. The fourth-largest deal was between Battery Ventures LP; GoCardless Ltd; LocalGlobe LLP; Nested; Silicon Valley Bank-CBB Inc valued at $50.0 million, whereas the deal between AB Accelerator; Accion Venture Lab; Algebra Ventures; CVentures; Disruptech; Khawarizmi Ventures; Nclude; Quona Capital Management, Ltd.; SpeedInvest Gmbh-Khazna Tech valued at $38.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $428.0 million and accounted for nearly 68.61% of the total deals (by value) announced during the last twelve months. The Middle East and Africa region accounted for 2.78% of the total Private Equity/Venture Financing deals done globally, and accounted for 6.22% of the total deal size on a global scale.
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