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.
