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  1. Deals Analysis
March 21, 2021updated 24 Mar 2021 2:40pm

Oil & Gas industry cross border deals total $10.9bn globally in February 2021

By Carmen

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.

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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