Led by Energean’s $405 million acquisition of Energean Israel, Middle East and Africa’s oil & gas industry saw a rise of 6.45% 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 33 cross border deals worth $1.69 billion were announced for the region during Q4 2020, against the last four-quarter average of 31 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 32, representing a 96.9% share for the region.
In second place was private equity with one deal capturing a 3.03% 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 Israel’s oil & gas industry with $1.44bn, followed by private equity deals totalled $30 million.
Middle East and Africa oil & gas industry cross border deals in Q4 2020: Top deals
The top five oil & gas cross border deals accounted for a 78.2% share of the overall value during Q4 2020.
The combined value of the top five cross border deals stood at $1.32 billion, against the overall value of $1.69 billion recorded for the quarter.
The top five oil & gas industry cross border deals of Q4 2020 tracked by GlobalData were:
- Energean’s $405 million acquisition of Energean Israel
- The $348 million acquisition of Ham-Let (Israel-Canada) by Ultra Clean Holdings
- IPR Energy Resources’ $236 million asset transaction with Dana Gas
- The $166.58 million asset transaction deal with FAR Holdings one and FAR Senegal RSSD by Woodside Petroleum
- Rovensa’s acquisition of Oro Agri SA and Oro Agri SEZC for $165 million.
