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Q3 2023 shows oil&gas Europe PE deals increase

International data provider GlobalData reports that its Deal Database shows that there is an increase in private equity deals in the oil and gas sector in Europe in Q3 2023. The data provider states that 7 private equity deals were announced, with a total value of $329.4 million. According to the widely used data base, the $325 million investment by Macquarie GIG Energy Transition Solutions Fund in Atlas Agro was the industry’s largest disclosed deal. All data is available via GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report.

Still the data also shows that when looking at real value terms, the private equity deal activity in Europe remained flat in Q3 2023 compared with the previous quarter and as compared to Q3 2022. The most interesting part however is that related deal volume increased by 75% in Q3 2023 versus the previous quarter and was 133% higher than in Q3 2022. The report also shows that the top-ranked financial advisors supporting these private equity deals in Europe in Q3 2023 were UBS Group,; Deloitte Touche Tohmatsu; Gerald Edelman with 2, 1, 1 deals respectively.

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