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  1. Deals Analysis
May 19, 2021

Oil & Gas industry M&A deals total $934m in Europe in April 2021

By Carmen

Total oil & gas industry M&A deals worth $934m were announced in Europe in April 2021, led by $389.92m merger of Navigator Holdings and Ultragas , according to GlobalData’s deals database.

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The value marked a decrease of 77.4% over the previous month of $4.14bn and a drop of 67.2% when compared with the last 12-month average of $2.85bn.

Europe held a 6.10% share of the global oil & gas industry M&A deal value that totalled $15.32bn in April 2021. With a 2.82% share and deals worth $432.2m, 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 34 deals during April 2021, marking a decrease of 30.61% over the previous month and a drop of 5.56% over the 12-month average. The UK recorded ten deals during the month.

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

The top five oil & gas industry M&A deals accounted for 79.7% of the overall value during April 2021.

The combined value of the top five oil & gas deals stood at $744.52m, against the overall value of $934m recorded for the month.

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

1) The $389.92m merger of Navigator Holdings and Ultragas

2) The $127.5m asset transaction with Tiger Moth by Shearwater GeoServices Holding

3) State Oilof the Azerbaijan Republic’s $120m asset transaction with Okeanis Eco Tankers

4) The $57.1m acquisition of Union De IndustriasS.A. by Hexpol

5) Shearwater GeoServices Holding ’s asset transaction with Tiger Moth for $50m.

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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