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  1. Deals Analysis
February 26, 2021

Oil & Gas industry M&A deals total $1.79bn in Europe in January 2021

By Carmen

Total oil & gas industry M&A deals worth $1.79bn were announced in Europe in January 2021, led by AMS Holdco 2’s $614.14m acquisition of Scapa Group, according to GlobalData’s deals database.

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The value marked a decrease of 69.1% over the previous month of $5.79bn and a drop of 19% when compared with the last 12-month average of $2.21bn.

Europe held a 17.90% share of the global oil & gas industry M&A deal value that totalled $10bn in January 2021. With a 6.31% share and deals worth $630.7m, the UK was the top country in Europe’s M&A deal value across oil & gas industry.

In terms of M&A deal activity, Europe recorded 28 deals during January 2021, marking a decrease of 41.67% over the previous month and a drop of 22.22% over the 12-month average. The UK recorded eight deals during the month.

Europe oil & gas industry M&A deals in January 2021: Top deals

The top five oil & gas industry M&A deals accounted for 86.8% of the overall value during January 2021.

The combined value of the top five oil & gas deals stood at $1.55bn, against the overall value of $1.79bn recorded for the month.

The top five oil & gas industry M&A deals of January 2021 tracked by GlobalData were:

1) AMS Holdco 2’s $614.14m acquisition of Scapa Group

2) The $320m asset transaction with MatlinPatterson Global Advisers by TMS Cardiff Gas

3) Ashland Global Holdings’ $316.96m asset transaction with Schulke & Mayr

4) The $182.73m acquisition of Gas Distribution Infrastructure by 2i Rete Gas

5) Euronav’s asset transaction with for $116m.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed 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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