Europe’s oil & gas industry saw a rise of 6.50% in deal activity in Q1 2021

Led by $4.67bn private equity deal with Lonza, Europe’s oil & gas industry saw a rise of 6.50% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

 

A total of 127 deals worth $14.28bn were announced for the region during Q1 2021, against the last four-quarter average of 119.25 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 105 deals, representing an 82.7% share for the region.

In second place was private equity with 15 deals, followed by venture financing deals with seven transactions, respectively capturing an 11.8% and 5.5% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s oil & gas industry with $8.95bn, while private equity and venture financing deals totalled $5.3bn and $29.67m, respectively.

Europe oil & gas industry deals in Q1 2021: Top deals

The top five oil & gas deals accounted for a 59.6% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $8.51bn, against the overall value of $14.28bn recorded for the quarter.

The top five oil & gas industry deals of Q1 2021 tracked by GlobalData were:

1) Bain Capital Private Equity and Cinven’s $4.67bn private equity deal with Lonza

2) The $1.3bn asset transaction with Exxon Mobil by NEO Energy

3) EG Group’s $1.02bn asset transaction with ASDA Group

4) The $844m acquisition deal with Ferngas Netzgesellschaft by Versicherungskammer Bayern

5) PKG Schurfeld’s acquisition of Surteco for $673.25m.