Receive our newsletter – data, insights and analysis delivered to you
  1. Deals Analysis
June 21, 2021

Europe’s oil & gas industry saw a drop of 12.50% in deal activity during May 2021

By Nikitha Ladda

Europe’s oil & gas industry saw a drop of 12.50% in deal activity during May 2021, when compared with the last 12-month average, led by Alfa Laval’s $442m acquisition of StormGeo, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 21 oil & gas industry deals worth $525.6m were announced for the region in May 2021, against the 12-month average of 24 deals.

Of all the deal types, M&A saw most activity in May 2021 with 17 transactions, representing an 81% share for the region.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

In second place was venture financing with three deals, followed by private equity deals with one transactions, respectively capturing a 14.3% and 4.8% 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 $515.96m, followed by venture financing deals totalled $9.68m.

Europe oil & gas industry deals in May 2021: Top deals

The top five oil & gas deals accounted for 99.3% of the overall value during May 2021.

The combined value of the top five oil & gas deals stood at $522.16m, against the overall value of $525.6m recorded for the month.

The top five oil & gas industry deals of May 2021 tracked by GlobalData were:

1) Alfa Laval’s $442m acquisition of StormGeo

2) The $60m acquisition deal with H.K. Wentworth by Element Solutions

3) Blue Horizon Ventures, Giampaolo Cagnin, Nordic Food Tech Venture Capital, Novo Seeds and Vaekstfonden’s $7.33m venture financing of Chromologics

4) The $6.73m acquisition of Azotara by Promist

5) Westport Fuel Systems’ acquisition of STAKO for $6.1m.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU