Led by Energean’s US$405mn acquisition of Energean Israel, Middle East and Africa’s oil and gas industry saw a rise of 6.45% in cross border deal activity during the Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database
A total of 33 cross border deals worth US$1.69bn were announced for the region during the 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 and gas industry with US$1.44bn, followed by private equity deals totaled US$30mn.
Middle East and Africa oil and gas industry top deals
The top five oil and gas cross border deals accounted for a 78.2% share of the overall value during the Q4 2020.
The combined value of the top five cross border deals stood at US$1.32bn, against the overall value of US$1.69bn recorded for the quarter.
The top five oil and gas industry cross border deals of the Q4 2020 tracked by GlobalData include
• Energean’s US$405mn acquisition of Energean Israel.
• The US$348mn acquisition of Ham-Let (Israel-Canada) by Ultra Clean Holdings.
• IPR Energy Resources’ US$236mn asset transaction with Dana Gas.
• The US$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 US$165mn.
