In the British oil & gas industry, there were 22 M&A deals announced in Q1 2023, worth a total value of $1.4bn, according to GlobalData’s Deals Database. The $850m acquisition of suncor energy u.k. by equinor was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in The UK decreased by 79% in Q1 2023 compared with the previous quarter’s total of $6.7bn and fell by 79% as compared to Q1 2022. Related deal volume decreased by 15% in Q1 2023 versus the previous quarter and was 8% lower than in Q1 2022.
The top-ranked financial advisors supporting these M&A deals in The UK in Q1 2023 were Houlihan Lokey; Gneiss Energy; Stifel Financial with 2, 1, 1 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in The UK Q1 2023 were CMS Legal Services EEIG; Addleshaw Goddard; Ashurst with 3, 2, 1 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.
