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.
