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  1. Deals Analysis
May 24, 2021

Europe’s oil & gas industry saw a drop of 7.32% in deal activity during April 2021

By Carmen

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.

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.

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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