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  1. Deals Analysis
July 15, 2019

Europe’s oil & gas industry sees a drop of 41.5% in deal activity in June 2019

Europe’s oil & gas industry saw a drop of 41.5% in deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 24 oil & gas industry deals worth $786.26m were announced for the region in June 2019, against the 12-month average of 41 deals.

Of all the deal types, M&A saw most activity in June 2019 with 21 transactions, representing an 87.5% share for the region.

In second place was private equity with two deals, followed by venture financing deals with one transactions, respectively capturing an 8.3% and 4.2% 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 $765.69m, while private equity and venture financing deals totalled $16.5m and $4.07m, respectively.

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

The top five oil & gas deals accounted for 98.6% of the overall value during June 2019.

The combined value of the top five oil & gas deals stood at $775.45m, against the overall value of $786.26m recorded for the month. The top announced oil & gas deal tracked by GlobalData in June 2019 was PTT Exploration and Production Public’s $622m acquisition of Partex Holding.

In second place was the $83m asset transaction with by Torm and in third place was Pelidona Services’ $46.55m stake acquisition of Regal Petroleum.

The $16.5m private equity deal with Carbios by BOLD Business Opportunities for L’Oreal Development, Copernicus Asset Management, Michelin Ventures and Truffle Capital and Wang Zhiqiang’s acquisition of Cosmo Soar for $7.4m held fourth and fifth positions, respectively.

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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