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  1. Deals Analysis
June 21, 2021

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

By Carmen

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.

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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.

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

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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