Oil & Gas industry cross border M&A deals total $1.2bn in South and Central America in Q4 2020

Total oil & gas industry cross border M&A deals worth $1.2bn were announced in South and Central America Q4 2020, led by The Carlyle Group’s $825m asset transaction, according to GlobalData’s deals database.

The value marked an increase of 63.1% over the previous quarter and a drop of 41.2% when compared with the last four-quarter average of $2.04bn.

South and Central America held a 5.87% share of the global oil & gas industry cross border M&A deal value that totalled $20.43bn in Q4 2020. With a 4.04% share and deals worth $825m, Colombia was the top country in South and Central America’s cross border M&A deal value across oil & gas industry.

In terms of deal activity, South and Central America recorded 26 cross border deals during Q4 2020, marking a decrease of 48.00% over the previous quarter and a drop of 27.78% over the last four-quarter average. Panama recorded 16 deals during the quarter.

South and Central America oil & gas industry cross border M&A deals in Q4 2020: Top deals

The top five oil & gas industry cross border M&A deals accounted for 84.16% of the overall value during Q4 2020.

The combined value of the top five cross border M&A deals stood at $1.01bn, against the overall value of $1.2bn recorded for the quarter.

The top five oil & gas industry cross border deals of Q4 2020 tracked by GlobalData were:

1) The Carlyle Group’s $825m asset transaction with Occidental Petroleum

2) The $61.7m acquisition of Petrobras Uruguay Distribuicion by Disa Corporacion Petrolifera

3) Navios Maritime Partners’ $51m asset transaction with Navios Maritime Holdings

4) The $46m asset transaction with by Neda Maritime Agency

5) PT Soechi Lines’ asset transaction with Mitsui O.S.K. Lines for $23.5m.