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July 15, 2020updated 29 Nov 2021 6:55am

Quarterly midstream M&A deals review – Q2 2020

By GlobalData Energy

GlobalData’s latest report, Quarterly Midstream M&A Deals Review – Q2 2020, shows that a combined value of $14.5bn in mergers and acquisitions (M&A) was announced in the midstream sector in Q2 2020. This was a substantial increase of 99% from the $7.3bn in M&A deals announced in the previous quarter. A year-on-year comparison shows a decrease of 14% in the number of deals and a substantial decrease of 85% in values in Q2 2020 compared to 100 deals with a combined value of $95.6bn in Q2 2019. During the quarter, there were 13 midstream M&A deals with values greater than $50m, together accounting for $13.6bn.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

National Fuel Gas agreement to acquire upstream and midstream gathering assets located in Pennsylvania, US, from SWEPI, a subsidiary of Shell , for approximately $541m, was one of the top deals registered in the midstream industry in Q2 2020. The midstream assets include approximately 142 miles of gathering pipelines and related compression, over 100 miles of water pipelines and associated water handling infrastructure. The gathering facilities are interconnected with various interstate pipelines, including National Fuel ’s Empire pipeline system with the potential to tie into National Fuel ’s existing Covington gathering system.

JP Morgan Securities LLC and Goldman Sachs & Co LLC are acting as financial advisors, while Kirkland & Ellis LLP and Jones Day are acting as legal advisors to National Fuel in the transaction. The transaction will provide National Fuel Gas with a unique and highly strategic opportunity to strengthen its integrated development approach in the region. The transaction is in line with Shell ’s divesting non-core assets and its strategy, which focuses on the development of higher-margin, light tight oil assets.

Midstream M&A Deal Value and Count, Q2 2020

On the volume front, the number of M&A deals decreased by 26% from 117 in Q1 2020 to 86 in Q2 2020, of which 43 were cross-border transactions and the remaining 43 were domestic transactions. Europe was the destination of choice for cross-border M&A activity in Q2 2020, recording 13 cross-border transactions in the quarter.

Regionally, North America registered a combined M&A value of $1.2bn from 22 deals. This was a 44% decrease in the number of deals and a significant decrease of 68% in deal value compared to 39 deals worth a combined value of $3.8bn registered in Q1 2020. Europe accounted for 28% of the global acquisitions market in Q2 2020, comprising 24 acquisitions, of which 13 were cross-border and the remaining 11 were domestic acquisitions, while Asia accounted for 15 global deals or 17% in Q2 2020, of which seven were cross-border acquisitions and the remaining eight were domestic acquisitions. Africa and Oceania registered ten and nine deals respectively in Q2 2020, and South America accounted for 5% of global deals or four deals.

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Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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