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.

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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.