In the Middle East and Africa technology industry, there were 7 private equity deals announced in Q2 2024, worth a total value of $154.5m, according to GlobalData’s Deals Database. The $150m Institutional Buy-out (IBO) Glassbox by Alicorn Venture Capital was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, private equity deal activity in Middle East and Africa increased by 19% in Q2 2024 compared with the previous quarter’s total of $130m and fell by 95% as compared to Q2 2023. Related deal volume increased by 75% in Q2 2024 versus the previous quarter and was 40% higher than in Q2 2023.
The top-ranked financial advisors supporting these private equity deals in Middle East and Africa in H1 2024 were ARC Capital; Evercore; Tanami Financial with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Middle East and Africa in H1 2024 were Fischer Behar Chen Well Orion & Co.; Goodwin Procter; Gornitzky & Co with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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