Asia-Pacific’s oil & gas industry saw a drop of 16.00% in deal activity during November 2021, when compared with the last 12-month average, led by BGF Retail’s $152.96m acquisition of 44.3% stake in Kopla, according to GlobalData’s deals database.
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A total of 21 oil & gas industry deals worth $294.9m were announced for the region in November 2021, against the 12-month average of 25 deals.
Of all the deal types, M&A saw most activity in November 2021 with 13 transactions, representing a 61.9% share for the region.
In second place was venture financing with six deals, followed by private equity deals with two transactions, respectively capturing a 28.6% and 9.5% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s oil & gas industry with $207.78m, followed by venture financing deals totalled $87.09m.
Asia-Pacific oil & gas industry deals in November 2021: Top deals
The top five oil & gas deals accounted for 94.04% of the overall value during November 2021.
The combined value of the top five oil & gas deals stood at $277.29m, against the overall value of $294.9m recorded for the month.
The top five oil & gas industry deals of November 2021 tracked by GlobalData were:
1) BGF Retail $152.96m acquisition deal for 44.3% stake in Kopla
2) The $78.37m venture financing of Suzhou Saifen Technology by CPE Yuanfeng,Ganli Pharmaceutical,Hillhouse Ventures,Kexing Holdings,Sherpa Investment and Sinopharm Capital Management
3) Firmenich $21.34m acquisition deal with S H Kelkar andLimited
4) The $15.62m acquisition of Gaomi Tongli Sugar by Zhejiang Huakang Pharmaceutical
5) Cabot $9m acquisition deal with Tokai Carbon (Tianjin)
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.