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.

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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