Led by Energean’s $405mn 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 $1.69bn 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 $30mn.
Middle East and Africa oil & gas industry cross border deals in Q4 2020: Top deals
The top five oil and 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 $1.32bn, against the overall value of $1.69bn recorded for the quarter.
The top five oil and gas industry cross border deals of Q4-2020 tracked by GlobalData were:
• Energean’s $405mn acquisition of Energean Israel
• The $348mn acquisition of Ham-Let (Israel-Canada) by Ultra Clean Holdings
• IPR Energy Resources’ $236mn asset transaction with Dana Gas
• The $166.58mn 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 $165mn.
