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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 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.

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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.

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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.

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