Led by PPG Industries’ $1.52bn acquisition of Tikkurila, Europe’s oil & gas industry saw a rise of 23.73% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
A total of 73 cross border deals worth $7.58bn were announced for the region during Q4 2020, against the last four-quarter average of 59 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 69, representing an 94.5% share for the region.
In second place was private equity with four deals capturing a 5.5% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, M&A was the leading category in Denmark’s oil & gas industry with $5.95bn, followed by private equity deals totalled $1.42bn.
Europe oil & gas industry cross border deals in Q4 2020: Top deals
The top five oil & gas cross border deals accounted for a 73.8% share of the overall value during Q4 2020.
The combined value of the top five cross border deals stood at $5.6bn, against the overall value of $7.58bn recorded for the quarter.
The top five oil & gas industry cross border deals of Q4 2020 tracked by GlobalData were:
- PPG Industries’ $1.52bn acquisition of Tikkurila
- The $1.42bn private equity deal with Galp Gas Natural Distribuicao by Allianz Capital Partners
- Trinseo’s $1.36bn asset transaction with Arkema
- The $745.66m asset transaction deal with OMV by EG Group
- Equinor’s acquisition of KrasGeoNac for $550m.
This analysis considers only announced and completed deals from the GlobalData financial deals database and exclude all terminated and rumored 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.
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