In the Middle East and Africa technology industry, there were 33 M&A deals announced in Q3 2023, worth a total value of $1.2bn, according to GlobalData’s Deals Database. The $490m acquisition of Perimeter 81 by Check Point Software Technologies was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 delvers into the transformative themes steering M&A landscape in the TMT Sector. The report unveils essential insights, spotlighting trends and shifts within the industry. Buy the report here.
In value terms, M&A activity in Middle East and Africa decreased by 8% in Q3 2023 compared with the previous quarter’s total of $1.3bn and fell by 76% as compared to Q3 2022. Related deal volume decreased by 23% in Q3 2023 versus the previous quarter and was 25% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in Q3 2023 were Citizens Financial Group; Freshfields Bruckhaus Deringer; North Point Securities with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa Q3 2023 were Herzog, Fox & Neeman; Freshfields Bruckhaus Deringer; White & Case with 3, 2, 2 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.