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.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • 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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.