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  1. Deals Analysis
July 22, 2021

Oil & Gas industry cross border M&A deals total $4.3bn globally in June 2021

By Carmen

Total oil & gas industry cross border M&A deals worth $4.3bn were announced globally in June 2021, led by EverArc Holdings’ $2bn acquisition of Perimeter Solutions, according to GlobalData’s deals database.

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The value marked an increase of 74.6% over the previous month of $2.44bn and a rise of 8.7% when compared with the last 12-month average, which stood at $3.92bn.

Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.06bn. At the country level, the US topped the list in terms of deal value at $3.01bn.

In terms of volumes, Europe emerged as the top region for oil & gas industry cross border M&A deals globally, followed by North America and then Asia-Pacific.

The top country in terms of cross border M&A deals activity in June 2021 was the US with five deals, followed by the China with two and Singapore with two.

In 2021, as of June, oil & gas cross border M&A deals worth $16.92bn were announced globally, marking an increase of 6.8% year on year.

oil & gas industry cross border M&A deals in June 2021: Top deals

The top five cross border M&A deals accounted for 98.7% of the overall value during June 2021.

The combined value of the top five oil & gas cross border M&A deals stood at $4.21bn, against the overall value of $4.3bn recorded for the month.

The top five oil & gas industry cross border M&A 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) Element Solutions’ $511.16m acquisition of Coventya

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

5) Companhia Mocambicana de Gasoduto and iGas’ acquisition of 30% stake in Republic Of Mozambique Pipeline InvestmentsPty Ltd for $292.47m.

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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