Europe’s oil & gas industry saw a rise of 33.33% in deal activity during March 2021, when compared with the last 12-month average, led by Versicherungskammer Bayern’s $844m acquisition of Ferngas Netzgesellschaft, according to GlobalData’s deals database.
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A total of 52 oil & gas industry deals worth $4.32bn were announced for the region in March 2021, against the 12-month average of 39 deals.
Of all the deal types, M&A saw most activity in March 2021 with 45 transactions, representing an 86.5% share for the region.
In second place was private equity with five deals, followed by venture financing deals with two transactions, respectively capturing a 9.6% and 3.9% 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 $4.14bn, while private equity and venture financing deals totalled $166.85m and $5.9m, respectively.
Europe oil & gas industry deals in March 2021: Top deals
The top five oil & gas deals accounted for 74.6% of the overall value during March 2021.
The combined value of the top five oil & gas deals stood at $3.22bn, against the overall value of $4.32bn recorded for the month.
The top five oil & gas industry deals of March 2021 tracked by GlobalData were:
1) Versicherungskammer Bayern’s $844m acquisition of Ferngas Netzgesellschaft
2) The $673.25m acquisition deal with Surteco by PKG Schurfeld
3) Neo Energy Upstream’s $625m acquisition of Zennor Petroleum
4) The $615m acquisition of INEOS E&P Norge by PGNIG Upstream Norway
5) Kistos’ acquisition of Tulip Oil Netherlands for $463.82m.
