In the global oil & gas industry, there were 20 private equity deals announced in Q1 2023, worth a total value of $8.9bn, according to GlobalData’s Deals Database. The $8.1bn institutional buy-out (ibo) univar solutions by Apollo Global Management 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, private equity deal activity increased by 98% in Q1 2023 compared with the previous quarter’s total of $4.5bn and fell by 32% as compared to Q1 2022. Related deal volume increased by 11% in Q1 2023 versus the previous quarter and was 29% lower than in Q1 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 35% share of the global oil & gas industry’s private equity deal activity in Q1 2023, registering a flat growth over the previous quarter.
The top-ranked financial advisors supporting these private equity deals in Q1 2023 were Credit Suisse Group; Goldman Sachs Group; Royal Bank of Canada with 2, 2, 2 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q1 2023 were Kirkland & Ellis; Latham & Watkins; Sidley Austin with 5, 2, 2 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.
