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)