Analysis of the key themes driving private equity deal activity reveals that environmental sustainability accounted for 5 oil & gas deals announced in Q2 2024, worth a total value of $164m. The $164m investment by Andes Mining and Energy, Baker Hughes, Dr. Ing. h.c. F. Porsche, EIG Global Energy Partners, Gemstone Investments and Idemitsu Kosan in HIF Global was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
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In value terms, environmental sustainability-related deal activity decreased by 85% in Q2 2024 compared with the previous quarter’s total of $1.1bn and fell by 48% as compared to Q2 2023. Related deal volume remained flat in Q2 2024 versus the previous quarter.
The top-ranked financial advisors supporting these private equity deals in H1 2024 were Bowmans (Mauritius); Hemsley Wynne Furlonge; Imperial Capital with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in H1 2024 were Willkie Farr & Gallagher; Bracewell; DLA Piper Africa with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
