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  1. Deals Analysis
July 22, 2021

Oil & Gas industry cross border deals total $5.2bn globally in June 2021

By Nikitha Ladda

Total oil & gas industry cross border deals worth $5.2bn were announced globally for June 2021, with the $2bn acquisition of Perimeter Solutions being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 111.8% over the previous month of $2.45bn and a drop of 18.8% when compared with the last 12-month average of $6.39bn.

In terms of number of cross border deals, the sector saw a rise of 33.33% with 36 deals in June 2021 when compared to the last 12-month average of 27 deals.

In value terms, North America led the activity with cross border deals worth $3.06bn in June 2021.

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Oil & Gas industry cross border deals in June 2021: Top deals

The top five cross border deals accounted for 93.1% of the overall value during June 2021.

The combined value of the top five cross border deals stood at $4.83bn, against the overall value of $5.2bn recorded for the month.

The top five oil & gas industry cross border deals of June 2021 tracked by GlobalData were:

1) EverArc Holdings’ $2bn acquisition of Perimeter Solutions

2) The $1.01bn acquisition of Niacet by Kerry Group

3) Heubach and SK Capital Partners’ $913.87m private equity deal with Clariant

4) The $511.16m acquisition deal of Coventya by Element Solutions

5) The $392.83m acquisition of 92.25% stake in OMV Slovenija by MOL.

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