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  1. Deals Analysis
May 10, 2021

Europe’s oil & gas industry saw a rise of 10% in cross border deal activity in Q1 2021

By Carmen

Led by $4.67bn private equity deal with Lonza, Europe’s oil & gas industry saw a rise of 10% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 66 cross border deals worth $7.85bn were announced for the region during Q1 2021, against the last four-quarter average of 60 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 53 deals, representing an 80.3% share for the region.

In second place was private equity with 11 deals, followed by venture financing deals with two transactions, respectively capturing a 16.7% and 3.03% 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 $5bn, while M&A and venture financing deals totalled $2.83bn and $13.14m, respectively.

Europe oil & gas industry cross border deals in Q1 2021: Top deals

The top five oil & gas cross border deals accounted for a 90.1% share of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $7.07bn, against the overall value of $7.85bn recorded for the quarter.

The top five oil & gas industry cross border deals of Q1 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 with Exxon Mobil by NEO Energy

3) Kistos’ $463.82m acquisition of Tulip Oil Netherlands

4) The $320m asset transaction deal with MatlinPatterson Global Advisers by TMS Cardiff Gas

5) Ashland Global Holdings’ asset transaction with Schulke & Mayr for $316.96m.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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