Bain Capital Private Equity and Cinven’s $4.67bn private equity deal with Lonza was the oil & gas industry’s biggest cross border deal of Q1 2021 as cross border deals worth $20.4bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked a decrease of 41.9% over the previous quarter and a drop of 13.6% when compared with the last four-quarter average of $23.62bn.
In terms of number of cross border deals, the sector saw a drop of 19.90% with 166 deals in Q1 2021 against the average of 207.25 deals in the last four-quarters.
In value terms, Europe led the activity with cross border deals worth $7.85bn.
oil & gas industry cross border deals in Q1 2021: Top deals
The top five oil & gas industry cross border deals accounted for 66.5% of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $13.56bn, against the overall value of $20.4bn recorded for the quarter.
The top five oil & gas industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Bain Capital Private Equity and Cinven’s $4.67bn private equity deals with Lonza
2) The $3.1bn acquisition of Hygo Energy Transition by New Fortress Energy
3) PTTEP Mena’s $2.59bn asset transaction with BP Exploration (Epsilon)
4) The $1.9bn acquisition of Golar LNG Partners by New Fortress Energy
5) NEO Energy’s asset transaction with Exxon Mobil for $1.3bn.
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.