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  1. Deals Analysis
July 25, 2022

Asia-Pacific’s oil & gas industry saw a rise of 20.00% in deal activity during June 2022

By Carmen

Asia-Pacific’s oil & gas industry saw a rise of 20.00% in deal activity during June 2022, when compared with the last 12-month average, led by Baring Private Equity Asia V Holding (1)’s $1.01bn acquisition of PI Advanced Materials, according to GlobalData’s deals database.

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A total of 30 oil & gas industry deals worth $1.6bn were announced for the region in June 2022, against the 12-month average of 25 deals.

Of all the deal types, M&A saw most activity in June 2022 with 27 transactions, representing a 90% share for the region.

In second place was venture financing with two deals, followed by private equity deals with one transactions, respectively capturing a 6.7% and 3.3% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in Asia-Pacific’s oil & gas industry with $1.01bn, while M&A and venture financing deals totalled $586.21m and $7.42m, respectively.

Asia-Pacific oil & gas industry deals in June 2022: Top deals

The top five oil & gas deals accounted for 96.5% of the overall value during June 2022.

The combined value of the top five oil & gas deals stood at $1.55bn, against the overall value of $1.6bn recorded for the month.

The top five oil & gas industry deals of June 2022 tracked by GlobalData were:

1) Baring Private Equity Asia V Holding (1) $1.01bn private equity deal for 54.1% stake in PI Advanced Materials

2) The $194.78m acquisition of CNOOC Orient Petrochemical by China BlueChemical

3) Liaohe Petroleum Exploration Bureau $191.58m acquisition deal with Liaohe Oilfield (Panjin) Gas Storage

4) The $97.64m acquisition of Shandong Haihua Chlor Alkali Resin by Shandong Haihua

5) Zhejiang Zhongxin Fluoride Materials $53.32m acquisition deal for 51% stake with Jiangxi Aikesheng Chemical Materials

Related Companies

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.

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