Asia-Pacific’s oil & gas industry saw a rise of 16.67% in deal activity during August 2021, when compared with the last 12-month average, led by Inner Mongolia Yitai Coal’s $323.14m acquisition of Inner Mongolia Yitai Chemical, according to GlobalData’s deals database.
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A total of 28 oil & gas industry deals worth $680.5m were announced for the region in August 2021, against the 12-month average of 24 deals.
Of all the deal types, M&A saw most activity in August 2021 with 19 transactions, representing a 67.9% share for the region.
In second place was venture financing with seven deals, followed by private equity deals with two transactions, respectively capturing a 25% and 7.1% 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 $469.7m, while private equity and venture financing deals totalled $200m and $10.82m, respectively.
Asia-Pacific oil & gas industry deals in August 2021: Top deals
The top five oil & gas deals accounted for 93% of the overall value during August 2021.
The combined value of the top five oil & gas deals stood at $632.85m, against the overall value of $680.5m recorded for the month.
The top five oil & gas industry deals of August 2021 tracked by GlobalData were:
1) Inner Mongolia Yitai Coal $323.14m acquisition deal for 29% stake in Inner Mongolia Yitai Chemical
2) The $200m private equity of AGP CGD India by ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund
3) Jiangsu SOPO Chemical $55.81m acquisition deal with Jiangsu Dongpu New Material Technology
4) The $30.1m acquisition of Jining Jintailihua Chemical Technology by Anshan Hifichem
5) Easy Nice Holdings Group $23.8m acquisition deal with Power Gas (Hong Kong)
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.