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  1. Deals Analysis
April 30, 2019

Oil & gas industry private equity deals in Q1 2019 total $12.95bn globally

Total oil & gas industry private equity deals in Q1 2019 worth $12.95bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 95.3% over the previous quarter and a drop of 6.9% when compared with the last four-quarter average, which stood at $13.91bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $9.46bn. At the country level, the US topped the list in terms of deal value at $9.46bn.

In terms of volumes, North America emerged as the top region for oil & gas industry private equity deals globally, followed by Europe and then Middle East and Africa.

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The top country in terms of private equity deals activity in Q1 2019 was the US with 33 deals, followed by the UK with three and Canada with one.

In 2019, as of the end of Q1 2019, oil & gas private equity deals worth $12.95bn were announced globally, marking a decrease of 47.3% year on year.

Oil & gas industry private equity deals in Q1 2019: Top deals

The top five oil & gas industry private equity deals accounted for 78.3% of the overall value during Q1 2019.

The combined value of the top five oil & gas industry private equity deals stood at $10.14bn, against the overall value of $12.95bn recorded for the quarter. The top announced oil & gas industry private equity deal tracked by GlobalData in Q1 2019 was Advent International’s $3.41bn private equity deal with Evonik Industries.

In second place was the $3.2bn private equity deal with Tallgrass Energy by The Blackstone Group and in third place was Blackstone Tactical Opportunities Advisors and GSO Capital Partners’ $1.6bn private equity deal with Targa Badlands.

The $1bn private equity deal with Discovery Midstream Holdings II by Stonepeak Infrastructure Partners and TPG Capital’s private equity deal with Goodnight Midstream for $930m held fourth and fifth positions, respectively.

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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