Led by $145.6m asset transaction with Navig8 Chemical Tankers, Asia-Pacific’s oil & gas industry saw a drop of 46.55% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 31 cross border deals worth $813.42m were announced for the region during Q1 2021, against the last four-quarter average of 58.00 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 29 deals, representing a 93.6% share for the region.
In second place was private equity with two deals capturing a 6.5% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s oil & gas industry with $763.37m, followed by private equity deals totalled $50.05m.
Asia-Pacific oil & gas industry cross border deals in Q1 2021: Top deals
The top five oil & gas cross border deals accounted for a 44.4% share of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $361.35m, against the overall value of $813.42m recorded for the quarter.
The top five oil & gas industry cross border deals of Q1 2021 tracked by GlobalData were:
1) CSSC Hong Kong Shipping’s $145.6m asset transaction with Navig8 Chemical Tankers
2) The $71.5m asset transaction for acquisition of Hudson Tanker by Delta Tankers
3) ChrysCapital Management’s $50.05m asset transaction with Safex Chemicals India
4) The $50m asset transaction for acquisition of Suez Fuzeyya And Suez Vasilis Tankers by NGM Energy
5) AVIC International Leasing’s asset transaction with Scorpio Tankers for $44.2m.
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.