In the North American oil & gas industry, there were 9 private equity deals announced in Q4 2023, worth a total value of $1.3bn, according to GlobalData’s Deals Database. The $1bn acquisition of stake in Phillips 66 by Elliott Associates and Elliott International was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity 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 in North America decreased by 84% in Q4 2023 compared with the previous quarter’s total of $8.3bn and rose by 282% as compared to Q4 2022. Related deal volume decreased by 44% in Q4 2023 versus the previous quarter and was 10% lower than in Q4 2022.
The top-ranked financial advisors supporting these private equity deals in North America in Q4 2023 were Goldman Sachs Group; Evercore; Perella Weinberg Partners with 5, 3, 3 deals respectively.
The top-ranked legal advisors supporting these private equity deals in North America Q4 2023 were Kirkland & Ellis; Vinson & Elkins; Sidley Austin with 14, 7, 3 deals respectively.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
