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  1. Deals Analysis
January 20, 2021

UK oil & gas industry sees a rise of 10% in deal activity in Q4 2020

By Baghmar P

The UK oil & gas industry saw a rise of 10% in overall deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 33 deals worth $668.2m were announced in Q4 2020, compared to the last four-quarter average of 30 deals.

M&A was the leading category in the quarter with 29 deals which accounted for 87.9% of all deals.

In second place was private equity with three deals, followed by venture financing with one transactions, respectively accounting for 9.1% and 3.03% of overall deal activity in the country’s oil & gas industry during the quarter.

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In terms of value of deals, M&A was the leading deal category in the UK oil & gas industry with total deals worth $616.31m, while private equity and venture financing deals totalled $38.85m and $13.04m, respectively.

The UK oil & gas industry deals in Q4 2020: Top deals

The top five oil & gas deals accounted for 72.9% of the overall value during Q4 2020.

The combined value of the top five oil & gas deals stood at $486.94m, against the overall value of $668.2m recorded for the month.

The top five oil & gas industry deals of Q4 2020 tracked by GlobalData were:

1) BW Group’s $197m acquisition of Navigator Holdings

2) The $160.2m asset transaction with SSE by RockRose Energy

3) Fortune Grind Shipping’s $45.56m asset transaction with Raina Shiptrade

4) The $44.18m acquisition of Addmaster Holdings by Polygiene

5) Luna Innovations’ acquisition of OptaSense for $40m.

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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