Europe’s oil & gas industry saw a rise of 14.6% in deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 47 oil & gas industry deals worth $12.4bn were announced for the region in April 2019, against the 12-month average of 41 deals.

Of all the deal types, M&A saw most activity in April 2019 with 41 transactions, representing an 87.2% share for the region.

In second place was private equity with five deals, followed by venture financing deals with one transactions, respectively capturing a 10.6% and 2.1% share of the overall deal activity for the month.

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In terms of value of deals, M&A was the leading category in Europe’s oil & gas industry with $6.24bn, while private equity and venture financing deals totalled $6.15bn and $7.84m, respectively.

Europe oil & gas industry deals in April 2019: Top deals

The top five oil & gas deals accounted for 93.9% of the overall value during April 2019.

The combined value of the top five oil & gas deals stood at $11.64bn, against the overall value of $12.4bn recorded for the month. The top announced oil & gas deal tracked by GlobalData in April 2019 was The Carlyle Group’s $4.8bn private equity deal with Compania Espanola de Petroleos SAU.

In second place was the $2.68bn asset transaction with ConocoPhillips by Chrysaor Holdings and in third place was Macquarie Infrastructure and Real Assets’ $2.01bn stake acquisition of Innogy Grid Holding.

The $1.35bn private equity deal with CapeOmega by Partners Group and First State Investments’ asset transaction with Koninklijke Vopak for $811.79m held fourth and fifth positions, respectively.

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.