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.
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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.
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.