1. Deals Analysis
May 6, 2021updated 26 Nov 2021 10:00am

Technology industry M&A deals total $16.98bn in Middle East and Africa in Q1 2021

By Carmen

Total technology industry M&A deals worth $16.98bn were announced in Middle East and Africa in Q1 2021, led by $10bn merger of ironSource and Thoma Bravo Advantage, according to GlobalData’s deals database.

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The value marked an increase of 1532.7% over the previous quarter and a rise of 1581.2% when compared with the last four-quarter average of $1.01bn.

Middle East and Africa held an 8.15% share of the global technology industry M&A deal value that totalled $208.44bn in Q1 2021. With a 6.21% share and deals worth $12.94bn, Israel was the top country in Middle East and Africa’s M&A deal value across technology industry.

In terms of deal activity, Middle East and Africa recorded 52 deals during Q1 2021, marking an increase of 8.33% over the previous quarter and a rise of 32.48% over the last four-quarter average. Israel recorded 31 deals during the quarter.

Middle East and Africa technology industry M&A deals in Q1 2021: Top deals

The top five technology industry M&A deals accounted for 99.2% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $16.84bn, against the overall value of $16.98bn recorded for the quarter.

The top five technology industry deals of Q1 2021 tracked by GlobalData were:

1) The $10bn merger of ironSource and Thoma Bravo Advantage

2) The $4.03bn acquisition of Adapt IT Holdings by Huge Group

3) The $2.6bn merger of ION Acquisition1 Ltd and Taboola.Com

4) The $160m acquisition of Afimilk by Livestock Improvement

5) Rapid7’s acquisition of Alcide.IO for $50m.

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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