Total oil & gas industry cross border M&A deals worth $649.24m were announced globally in November 2020, led by Recticel’s $298.21m acquisition of FoamPartner Switzerland, according to GlobalData’s deals database.
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The value marked a decrease of 75.6% over the previous month of $2.66bn and a drop of 88.8% when compared with the last 12-month average, which stood at $5.78bn.
Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $355.77m. At the country level, the Switzerland topped the list in terms of deal value at $298.21m.
In terms of volumes, Europe emerged as the top region for oil & gas industry cross border M&A deals globally, followed by Asia-Pacific and then North America.
The top country in terms of cross border M&A deals activity in November 2020 was the US with seven deals, followed by the Canada and Singapore with three deals each.
In 2020, as of November, oil & gas cross border M&A deals worth $50.3bn were announced globally, marking an increase of 50.2% year on year.
oil & gas industry cross border M&A deals in November 2020: Top deals
The top five cross border M&A deals accounted for 78.3% of the overall value during November 2020.
The combined value of the top five oil & gas cross border M&A deals stood at $508.29m, against the overall value of $649.24m recorded for the month.
The top five oil & gas industry cross border M&A deals of November 2020 tracked by GlobalData were:
1) Recticel’s $298.21m acquisition of FoamPartner Switzerland
2) The $71m asset transaction with TRF Ship Management by Delta Tankers
3) Freehold Royalties’ $58m acquisition of acquisition of Oil And Gas Assets in US
4) The $45.2m asset transaction with Xihe Group of Companies by Pantheon Tankers Management
5) Tokyo Gas Asia’s acquisition of PT Energy Mina Abadi for $35.88m.