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  1. Deals Analysis
December 23, 2021updated 03 Feb 2022 1:45pm

Oil & Gas industry cross border deals total $6.7bn globally in November 2021

By Carmen

Total oil & gas industry cross border deals worth $6.7bn were announced globally for November 2021, with the $6bn acquisition of Master Builders Solutions Deutschland being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 44.3% over the previous month of $12.02bn and a drop of 24.2% when compared with the last 12-month average of $8.84bn.

In terms of number of cross border deals, the sector saw a drop of 24.24% with 25 deals in November 2021 when compared to the last 12-month average of 33 deals.

In value terms, Europe led the activity with cross border deals worth $6.61bn in November 2021.

oil & gas industry cross border deals in November 2021: Top deals

The top five cross border deals accounted for 99.5% of the overall value during November 2021.

The combined value of the top five cross border deals stood at $6.67bn, against the overall value of $6.7bn recorded for the month.

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

1) Sika $6bn acquisition deal with Master Builders Solutions Deutschland

2) The $434m acquisition of Equinor Energy Ireland by Vermilion Energy

3) Axens,LetterOne Holdings and M&G Investments $167.71m venture financing deal with Plastic Energy

4) The $39.1m acquisition of 45% stake in Top Speed Energy Holding by Sunshine Paper Clean Energy Investment

5) Firmenich $21.34m acquisition deal of 10% stake in S H Kelkar andLimited

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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