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  1. Deals Analysis
June 1, 2021

Oil & Gas industry M&A deals total $7.83bn in South and Central America in Q1 2021

By Carmen

Total oil & gas industry M&A deals worth $7.83bn were announced in South and Central America in Q1 2021, led by New Fortress Energy’s $3.1bn acquisition of Hygo Energy Transition, according to GlobalData’s deals database.

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The value marked an increase of 255.9% over the previous quarter and a rise of 411.8% when compared with the last four-quarter average of $1.53bn.

South and Central America held a 12.84% share of the global oil & gas industry M&A deal value that totalled $60.97bn in Q1 2021. With an 8.66% share and deals worth $5.28bn, Bermuda was the top country in South and Central America’s M&A deal value across oil & gas industry.

In terms of deal activity, South and Central America recorded 31 deals during Q1 2021, marking a decrease of 26.19% over the previous quarter and a drop of 31.49% over the last four-quarter average. Brazil recorded eight deals during the quarter.

South and Central America oil & gas industry M&A deals in Q1 2021: Top deals

The top five oil & gas industry M&A deals accounted for 92.8% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $7.27bn, against the overall value of $7.83bn recorded for the quarter.

The top five oil & gas industry deals of Q1 2021 tracked by GlobalData were:

1) New Fortress Energy’s $3.1bn acquisition of Hygo Energy Transition

2) The $1.9bn acquisition of Golar LNG Partners by New Fortress Energy

3) MC Brazil Downstream Participacoes’ $1.65bn asset transaction with Petroleo Brasileiro

4) The $400.61m acquisition of Compass Minerals America Do Sul Industria E Comercio by ICL Group

5) SPE Miranga’s asset transaction with Petroleo Brasileiro for $220.1m.

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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