Europe’s oil & gas industry saw a drop of 7.32% in deal activity during April 2021, when compared with the last 12-month average, led by NB Renaissance Partners’ $433.67m acquisition of SICIT 2000, according to GlobalData’s deals database.

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A total of 38 oil & gas industry deals worth $1.4bn were announced for the region in April 2021, against the 12-month average of 41 deals.

Of all the deal types, M&A saw most activity in April 2021 with 34 transactions, representing an 89.5% share for the region.

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By GlobalData

In second place was private equity with two deals, followed by venture financing deals with two transactions, respectively capturing a 5.3% and 5.3% 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 $934.04m, while private equity and venture financing deals totalled $433.67m and $4.69m, respectively.

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

The top five oil & gas deals accounted for 82.2% of the overall value during April 2021.

The combined value of the top five oil & gas deals stood at $1.13bn, against the overall value of $1.4bn recorded for the month.

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

1) NB Renaissance Partners’ $433.67m private equity deal with SICIT 2000

2) The $389.92m merger deal with Navigator Holdings and Ultragas

3) Shearwater GeoServices Holding’s $127.5m asset transaction with Tiger Moth

4) The $120m asset transaction with Okeanis Eco Tankers by State Oilof the Azerbaijan Republic

5) Hexpol’s acquisition of Union De IndustriasS.A. for $57.1m.