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  1. Deals Analysis
July 27, 2021

Europe’s oil & gas industry saw a rise of 20% in deal activity during June 2021

By Carmen

Europe’s oil & gas industry saw a rise of 20% in deal activity during June 2021, when compared with the last 12-month average, led by Heubach and SK Capital Partners’ $913.87m private equity deal with Clariant, according to GlobalData’s deals database.

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A total of 30 oil & gas industry deals worth $2bn were announced for the region in June 2021, against the 12-month average of 25 deals.

Of all the deal types, M&A saw most activity in June 2021 with 22 transactions, representing a 73.3% share for the region.

In second place was private equity with four deals, followed by venture financing deals with four transactions, respectively capturing a 13.3% and 13.3% 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 $1.02bn, while private equity and venture financing deals totalled $913.87m and $18.12m, respectively.

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

The top five oil & gas deals accounted for 99% of the overall value during June 2021.

The combined value of the top five oil & gas deals stood at $1.93bn, against the overall value of $1.95bn recorded for the month.

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

1) Heubach and SK Capital Partners’ $913.87m private equity deal with Clariant

2) The $511.16m acquisition deal with Coventya by Element Solutions

3) MOL’s $392.83m acquisition of 92.25% stake in OMV Slovenija

4) The $88.49m acquisition of Ekopet by Tatneft

5) Carbios’ acquisition of 37.29% stake in Carbiolice for $21.78m.

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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