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.
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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.