Middle East and Africa’s financial services industry saw a rise of 33.33% in deal activity during March 2022, when compared with the last 12-month average, led by CDC Group, Generation Investment Management, HEPCO Capital Management, Latitude Venture Partners and Lightrock’s $75m venture financing deal with M-KOPA Kenya, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

A total of 24 financial services industry deals worth $205m were announced for the region in March 2022, against the 12-month average of 18 deals.

Of all the deal types, M&A saw most activity in March 2022 with 11 transactions, representing a 45.8% share for the region.

In second place was venture financing with ten deals, followed by private equity deals with three transactions, respectively capturing a 41.7% and 12.5% share of the overall deal activity for the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In terms of value of deals, venture financing was the leading category in Middle East and Africa’s financial services industry with $186.02m, followed by M&A deals totalled $18.99m.

Middle East and Africa financial services industry deals in March 2022: Top deals

The top five financial services deals accounted for 92.6% of the overall value during March 2022.

The combined value of the top five financial services deals stood at $189.85m, against the overall value of $205m recorded for the month.

The top five financial services industry deals of March 2022 tracked by GlobalData were:

1) CDC Group,Generation Investment Management,HEPCO Capital Management,Latitude Venture Partners and Lightrock $75m venture financing deal with M-KOPA Kenya

2) The $75m venture financing of Banque Misr by Green for Growth Fund and SANAD Fund for MSME

3) Adii Pienaar,First Circle,GreenHouse Capital,LongCommerce and Uncovered Fund $15m venture financing deal with Credpal

4) The $13m venture financing of Lendai by Cardumen Capital SGEIC,Discount Capital,Meron Capital,Mindset Ventures,Skywell Capital Partners and Viola Credit (formerly Plenus)

5) Saudi Industrial Services $11.85m acquisition deal for 31.7% stake in Green Dome Investments