Led by The Carlyle Group’s $825m asset transaction with Occidental Petroleum, South and Central America’s oil & gas industry saw a drop of 27.78% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 26 cross border deals worth $1.2bn were announced for the region during Q4 2020, against the last four-quarter average of 36 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 26, representing a 100% share for the region.
In terms of value of cross border deals, M&A was the leading category in Colombia’s oil & gas industry with $1.09bn.
South and Central America oil & gas industry cross border deals in Q4 2020: Top deals
The top five oil & gas cross border deals accounted for an 84.16% share of the overall value during Q4 2020.
The combined value of the top five cross border deals stood at $1.01bn, against the overall value of $1.2bn recorded for the quarter.
The top five oil & gas industry cross border deals of Q4 2020 tracked by GlobalData were:
1) The Carlyle Group’s $825m asset transaction with Occidental Petroleum
2) The $61.7m acquisition of Petrobras Uruguay Distribuicion by Disa Corporacion Petrolifera
3) Navios Maritime Partners’ $51m asset transaction with Navios Maritime Holdings
4) The $46m asset transaction deal with by Neda Maritime Agency
5) PT Soechi Lines’ asset transaction with Mitsui O.S.K. Lines for $23.5m.
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Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.
