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.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

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.