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.
