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  1. Deals Analysis
July 25, 2022

Europe’s oil & gas industry saw a drop of 12% in deal activity during June 2022

By Carmen

Europe’s oil & gas industry saw a drop of 12% in deal activity during June 2022, when compared with the last 12-month average, led by TGS’s $252m acquisition of Magseis, according to GlobalData’s deals database.

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A total of 22 oil & gas industry deals worth $1.2bn 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 16 transactions, representing a 72.7% share for the region.

In second place was venture financing with five deals, followed by private equity deals with one transactions, respectively capturing a 22.7% and 4.6% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s oil & gas industry with $1.14bn, while venture financing and private equity deals totalled $82.95m and $0m, respectively.

Europe oil & gas industry deals in June 2022: Top deals

The top five oil & gas deals accounted for 44.8% of the overall value during June 2022.

The combined value of the top five oil & gas deals stood at $549.87m, against the overall value of $1.2bn recorded for the month.

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

1) TGS $252m acquisition deal with Magseis

2) The $200m acquisition of BioPhero by FMC

3) MW&L Capital Partners $61.37m venture financing deal with Well-Safe Solutions

4) The $26m acquisition of ResQ Holding by A.P. Moller – Maersk

5) Goh Family Office,Lansdowne Partners,Ora Capital Partners Limited and Tanarra Capital Australia $10.5m venture financing deal with Oxeco

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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