Europe’s oil & gas industry saw a drop of 25.93% in deal activity during July 2021, when compared with the last 12-month average, led by MKS Instruments‘ $6.5bn acquisition of Atotech Deutschland, according to GlobalData’s deals database.

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A total of 20 oil & gas industry deals worth $14.1bn were announced for the region in July 2021, against the 12-month average of 27 deals.

Of all the deal types, M&A saw most activity in July 2021 with 14 transactions, representing a 70% share for the region.

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In second place was private equity with six deals capturing a 30% 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 $14.08bn.

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

The top five oil & gas deals accounted for 99.5% of the overall value during July 2021.

The combined value of the top five oil & gas deals stood at $14.02bn, against the overall value of $14.1bn recorded for the month.

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

1) Atotech Deutschland $6.5bn acquisition deal with MKS Instruments

2) The $4.75bn acquisition of Allnex Germany by PTTGC International (Netherlands)

3) GRTgaz $1.99bn acquisition deal for 11.5% stake in Caisse des Depots et Consignations and CNP Assurances

4) U-POL $592.25m acquisition deal with Axalta Coating Systems

5) The $184.2m acquisition of Tepkri Sarsang by ShaMaran Petroleum