In the global oil & gas industry, there were 26 private equity deals announced in Q2 2023, worth a total value of $4bn, according to GlobalData’s Deals Database. The $1.8bn institutional buy-out (ibo) purewest energy by A.G. Hill Partners, Cain Capital, Eaglebine Capital Partners, Fortress Investment Group, HF Capital, Petro-Hunt and Wincoram Asset Management 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.
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In value terms, private equity deal activity decreased by 55% in Q2 2023 compared with the previous quarter’s total of $8.9bn and fell by 64% as compared to Q2 2022. Related deal volume increased by 30% in Q2 2023 versus the previous quarter and was 24% lower than in Q2 2022.
Notably, energy-related deals accounted for a 23% share of the global oil & gas industry’s private equity deal activity in Q2 2023, up 50% over the previous quarter.
The top-ranked financial advisors supporting these private equity deals in Q2 2023 were Evercore; Goldman Sachs Group; Guggenheim Partners with 2, 2, 2 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Kirkland & Ellis; Latham & Watkins; Sidley Austin with 7, 3, 3 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.
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