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  1. Deals Analysis
June 23, 2022

Europe’s oil & gas industry saw a rise of 45.83% in deal activity during May 2022

By Carmen

Europe’s oil & gas industry saw a rise of 45.83% in deal activity during May 2022, when compared with the last 12-month average, led by Advent International and Lanxess’ $4.14bn private equity deal with Koninklijke DSM, according to GlobalData’s deals database.

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A total of 35 oil & gas industry deals worth $7.1bn were announced for the region in May 2022, against the 12-month average of 24 deals.

Of all the deal types, M&A saw most activity in May 2022 with 22 transactions, representing a 62.9% share for the region.

In second place was venture financing with eight deals, followed by private equity deals with five transactions, respectively capturing a 22.9% and 14.3% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in Europe’s oil & gas industry with $4.15bn, while M&A and venture financing deals totalled $2.78bn and $190.54m, respectively.

Europe oil & gas industry deals in May 2022: Top deals

The top five oil & gas deals accounted for 98.6% of the overall value during May 2022.

The combined value of the top five oil & gas deals stood at $7.02bn, against the overall value of $7.1bn recorded for the month.

The top five oil & gas industry deals of May 2022 tracked by GlobalData were:

1) Advent International and Lanxess $4.14bn private equity deal with Koninklijke DSM

2) The $2.39bn acquisition of Perstorp Holding by Petronas Chemicals Group

3) GPR Siebzigste Verwaltungsgesellschaft $233m acquisition deal with BORSIG

4) The $150m venture financing of Carbon Clean Solutions by AXA Investment Managers,Cemex Ventures Espana SLU,Chevron Technology Ventures,Marubeni,Samsung Ventures Investment,Saudi Aramco Energy Ventures,TransCanada PipeLines and Wave Equity Partners

5) Judges Scientific $99.92m acquisition deal with GEOTEK

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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