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  1. Deals Analysis
March 21, 2021updated 24 Mar 2021 3:23pm

Europe’s oil & gas industry saw a drop of 20.51% in deal activity during February 2021

By Carmen

Europe’s oil & gas industry saw a drop of 20.51% in deal activity during February 2021, when compared with the last 12-month average, led by Bain Capital Private Equity and Cinven’s $4.67bn acquisition of Lonza, according to GlobalData’s deals database.

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A total of 31 oil & gas industry deals worth $7.95bn were announced for the region in February 2021, against the 12-month average of 39 deals.

Of all the deal types, M&A saw most activity in February 2021 with 26 transactions, representing an 83.9% share for the region.

In second place was private equity with three deals, followed by venture financing deals with two transactions, respectively capturing a 9.7% and 6.5% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in Europe’s oil & gas industry with $4.92bn, while M&A and venture financing deals totalled $3.02bn and $13.65m, respectively.

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

The top five oil & gas deals accounted for 95.7% of the overall value during February 2021.

The combined value of the top five oil & gas deals stood at $7.61bn, against the overall value of $7.95bn recorded for the month.

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

1) Bain Capital Private Equity and Cinven’s $4.67bn private equity deal with Lonza

2) The $1.3bn asset transaction deal with Exxon Mobil by NEO Energy

3) EG Group’s $1.02bn asset transaction with ASDA Group

4) The $375m acquisition of North Sea (Golden Eagle) Resources by EnQuest

5) BlackRock Global Energy & Power Infrastructure Funds’ private equity deal with GasLog for $249m.

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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