In the Asia-Pacific oil & gas industry, there were 94 M&A deals announced in Q2 2023, worth a total value of $4.1bn, according to GlobalData’s Deals Database. The $796.7m majority acquisition of pi advanced materials by arkema was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in Asia-Pacific decreased by 63% in Q2 2023 compared with the previous quarter’s total of $11.2bn and fell by 51% as compared to Q2 2022. Related deal volume decreased by 27% in Q2 2023 versus the previous quarter and was 31% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Asia-Pacific in Q2 2023 were Deloitte Touche Tohmatsu; Groupe BPCE; HDFC Bank with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Asia-Pacific Q2 2023 were Baker & McKenzie; Herbert Smith Freehills; Clove Legal with 2, 2, 1 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.