Europe’s oil & gas industry saw a drop of 9.39% in cross border deal activity in Q2 2022

Led by $4.14bn private equity deal with Koninklijke DSM, Europe’s oil & gas industry saw a drop of 9.39% in cross border deal activity during Q2 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.

 

A total of 41 cross border deals worth $7bn were announced for the region during Q2 2022, against the last four-quarter average of 45.25 deals.

Of all the deal types, M&A saw most activity in Q2 2022 with 26 deals, representing a 63.4% share for the region.

In second place was private equity with eight deals, followed by venture financing deals with seven transactions, respectively capturing a 19.5% and 17.1% share of the overall cross border deal activity for the quarter.

In terms of value of cross border deals, private equity was the leading category in Europe’s oil & gas industry with $4.14bn, while M&A and venture financing deals totalled $2.65bn and $208.94m, respectively.

Europe oil & gas industry cross border deals in Q2 2022: Top deals

The top five oil & gas cross border deals accounted for a 98.6% share of the overall value during Q2 2022.

The combined value of the top five cross border deals stood at $6.91bn, against the overall value of $7bn recorded for the quarter.

1) Advent International and Lanxess $4.14bn private equity deal with Koninklijke DSM

2) The $2.39bn acquisition of Perstorp Holding by Petronas Chemicals Group

3) FMC $200m acquisition deal with BioPhero

4) The $150m venture financing of Carbon Clean Solutions by AXA Investment Managers,Cemex Ventures Espana SLU,Chevron Technology Ventures,Marubeni,Samsung Ventures Investment,Saudi Aramco Energy Ventures,TransCanada PipeLines and Wave Equity Partners

5) Tenaz Energy $26.77m acquisition deal with SDX Energy