Oil & Gas industry cross border M&A deals total $649.24m globally in November 2020

5 January 2021 (Last Updated January 5th, 2021 17:13)

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.

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.