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.
