Energy M&A Report 2021

20 September 2021

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Acuris is pleased to present the Energy M&A Report 2021, published in association with SS&C Intralinks. This report considers energy sector trends, sharing findings from a forward-looking survey of 100 dealmakers from across APAC, EMEA, North America and Latin America.
 
Key findings include:
 
  • Optimism abounds for Asia-Pacific-based investors. Forty-five percent of all dealmakers expect overall activity in the sector to rise in 2021 while 40 percent anticipate a fall, with fifteen percent saying it will stay the same. By region, Asia-Pacific-based investors are most optimistic, with 64 percent such respondents predicting an increase in activity in the year ahead. However, only 12 percent of those based in Latin America and the Caribbean felt the same. Instead, the majority (72 percent) of Latin America-based respondents expect deal activity to fall.
  • In a surprise move, dealmakers are turning their attentions to Africa. When considering the target geographies of anticipated deals, respondents point towards historical strongholds, North America (42 percent) and Asia Pacific (38 percent), as the top two destinations. However, in third place is Africa, one of the world’s smallest Energy M&A markets, with 29 percent of respondents expecting to do at least one deal in the region over the coming 12 months, ahead of Western Europe (23 percent) and Latin America (21 percent).
  • Distressed deals to increase, especially in the Oil & Gas sector. Distressed M&A is set to become even more prevalent following recent disruption caused by COVID-19. Notably, more than 50 percent of respondents expect distressed Oil & Gas deals to increase significantly. As such, Oil & Gas leads the way as the most popular subsector with 48 percent of respondents looking to execute an M&A deal or make an investment in this space, marginally ahead of Renewables (46 percent).