The UK oil & gas industry saw a flat growth in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 40 deals worth $6.51bn were announced in Q4 2019, compared to the last four-quarter average of 40 deals.
M&A was the leading category in the quarter with 33 deals which accounted for 82.5% of all deals.
In second place was private equity with five deals, followed by venture financing with two transactions, respectively accounting for 12.5% and 5% of overall deal activity in the country’s oil & gas industry during the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in the UK oil & gas industry with total deals worth $4.68bn, while private equity and venture financing deals totalled $1.75bn and $84.64m, respectively.
The UK oil & gas industry deals in Q4 2019: Top deals
The top five oil & gas deals accounted for 89.7% of the overall value during Q4 2019.
The combined value of the top five oil & gas deals stood at $5.84bn, against the overall value of $6.51bn recorded for the month.
The top five oil & gas industry deals of Q4 2019 tracked by GlobalData were:
1) Lone Star Funds’ $3.52bn private equity deal with BASF Construction Chemicals (UK)
2) The $1bn private equity deal with Boru Energy by Carlyle International Energy Partners
3) Seplat Petroleum DevelopmentPlc’s $596.68m acquisition of Eland Oil & Gas
4) The $415.6m asset transaction with Stolt-Nielsen by CMB Financial Leasing
5) GeoPark Colombia’s acquisition of Amerisur Resources for $314m.
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.
