Total oil & gas industry cross border deals worth $10.9bn were announced globally for February 2021, with the $4.67bn private equity deal with Lonza being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 52.02% over the previous month of $7.17bn and a rise of 36.6% when compared with the last 12-month average of $7.98bn.
In terms of number of cross border deals, the sector saw a drop of 25.37% with 50 deals in February 2021 when compared to the last 12-month average of 67 deals.
In value terms, Europe led the activity with cross border deals worth $6.47bn in February 2021.
Oil & Gas industry cross border deals in February 2021: Top deals
The top five cross border deals accounted for 90.7% of the overall value during February 2021.
The combined value of the top five cross border deals stood at $9.88bn, against the overall value of $10.9bn recorded for the month.
The top five oil & gas industry cross border deals of February 2021 tracked by GlobalData were:
1) Bain Capital Private Equity and Cinven’s $4.67bn private equity deal with Lonza
2) The $2.59bn asset transaction with BP Exploration (Epsilon) by PTTEP Mena
3) NEO Energy’s $1.3bn asset transaction with Exxon Mobil
4) The $1.08bn acquisition deal of Emerald Kalama Chemical by Lanxess
5) BlackRock Global Energy & Power Infrastructure Funds’ private equity deal with GasLog for $249m.