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  1. Deals Analysis
May 19, 2021

Europe’s oil & gas industry saw a rise of 9.09% in cross border deal activity during April 2021

By Carmen

Europe’s oil & gas industry saw a rise of 9.09% in cross border deal activity during April 2021, when compared with the last 12-month average, led by NB Renaissance Partners’ $433.67m acquisition of SICIT 2000, according to GlobalData’s deals database.

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A total of 24 oil & gas industry cross border deals worth $1.1bn were announced for the region in April 2021, against the 12-month average of 22 deals.

Of all the deal types, M&A saw most activity in April 2021 with 22 transactions, representing a 91.7% share for the region.

In second place was private equity with two deals capturing an 8.3% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in Europe’s oil & gas industry with $700.6m, followed by private equity deals totalled $433.67m.

Europe oil & gas industry cross border deals in April 2021: Top deals

The top five oil & gas cross border deals accounted for 90.3% of the overall value during April 2021.

The combined value of the top five oil & gas cross border deals stood at $1.02bn, against the overall value of $1.1bn recorded for the month.

The top five oil & gas industry cross border deals of April 2021 tracked by GlobalData were:

1) NB Renaissance Partners’ $433.67m private equity deal with SICIT 2000

2) The $389.92m merger deal with Navigator Holdings and Ultragas

3) State Oilof the Azerbaijan Republic’s $120m asset transaction with Okeanis Eco Tankers

4) The $57.1m acquisition of Union De IndustriasS.A. by Hexpol

5) Kraken Robotics’ asset transaction with PanGeo Subsea Scotland for $24m.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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