Middle East and Africa’s technology industry saw a rise of 60.78% in cross border deal activity during November 2021, when compared with the last 12-month average, led by Vodacom Group’s $3.15bn acquisition of Vodafone Egypt Telecommunications, according to GlobalData’s deals database.
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A total of 82 technology industry cross border deals worth $4.7bn were announced for the region in November 2021, against the 12-month average of 51 deals.
Of all the deal types, venture financing saw most activity in November 2021 with 63 transactions, representing a 76.8% share for the region.
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By GlobalDataIn second place was M&A with 16 deals, followed by private equity deals with three transactions, respectively capturing a 19.5% and 3.7% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Middle East and Africa’s technology industry with $3.46bn, while venture financing and private equity deals totalled $915.72m and $317.5m, respectively.
Middle East and Africa technology industry cross border deals in November 2021: Top deals
The top five technology cross border deals accounted for 83.2% of the overall value during November 2021.
The combined value of the top five technology cross border deals stood at $3.9bn, against the overall value of $4.7bn recorded for the month.
The top five technology industry cross border deals of November 2021 tracked by GlobalData were:
1) Vodacom Group $3.15bn acquisition deal for 55% stake in Vodafone Egypt Telecommunications
2) The $300m acquisition of 27.1% stake in Partner CommunicationsLtd. by Avi Gabbay and Shlomo Rodav
3) Andalusian Private Capital and Insight Partners $300m private equity deal for 27.1% stake in Moon Active
4) The $75m venture financing of Overwolf by a16z,Griffin Gaming Partners Management,Intel Capital,Liberty Technology Venture Capital and Marker
5) Allied Group,Deep Insight,Discount Capital,Grove Ventures,Intel Capital,M&G Investments,Marius Nacht,Porsche Ventures,Samsung Ventures Investment,Tawazun Strategic Development Fund and Varana Capital $74m venture financing deal with TriEye
