Oil & gas industry private equity deals in Q3 2019 total $3.43bn globally

27 November 2019 (Last Updated November 27th, 2019 07:20)

Oil & gas industry private equity deals in Q3 2019 total $3.43bn globally

Total oil & gas industry private equity deals in Q3 2019 worth $3.43bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 84.1% over the previous quarter and a drop of 78.4% when compared with the last four-quarter average, which stood at $15.88bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.78bn. At the country level, the US topped the list in terms of deal value at $2.78bn.

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.

The top country in terms of private equity deals activity in Q3 2019 was the US with 18 deals, followed by Canada with two and China with one.

In 2019, as of the end of Q3 2019, oil & gas private equity deals worth $42.29bn were announced globally, marking a decrease of 13.7% year on year.

Oil & gas industry private equity deals in Q3 2019: Top deals

The top five oil & gas industry private equity deals accounted for 87% of the overall value during Q3 2019.

The combined value of the top five oil & gas private equity deals stood at $2.99bn, against the overall value of $3.43bn recorded for the month.

The top five oil & gas industry deals of Q3 2019 tracked by GlobalData were:

1) Kayne Private Energy Income Fund and Warburg Pincus’ $1bn private equity deal with WildFire Energy I

2) The $775m private equity deal with PolyOne by SK Capital Partners

3) GIC’s $600m private equity deal with ADNOC Oil Pipelines – Sole Proprietorship

4) The $460m private equity deal with Venture Global LNG by I Squared Capital

5) Tailwater Capital’s private equity deal with Triten Energy Partners for $150m.

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.