A total of 28 Private Equity/Venture Financing deals (pending and completed) were announced in the Oil & Gas of Canada, in the last twelve months resulting in a total deal value of over $377.3 million. In the LTM period, April 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $211.4 million, resulting in an average deal value of $52.8 million during that month. On the other hand, the month of April 2022 was the most prolific in terms of deal volume, recording a total of 4 deals, resulting in an average deal value of $52.8 million during that month.
Of the 28 deals, the deal secured between Avenue Capital Group; Monarch Alternative Capital LP; Repsol SA; Suncor Energy Inc and Enerkem Inc, was the largest Private Equity/Venture Financing deal in the Canada Oil & Gas sector, which was valued at $204.5 million and was completed on April 6, 2022. The second-largest deal was between BP Plc; Chevron Corp; Temasek Holdings (Private) Ltd; Vickers Venture Partners and Eavor Technologies Inc, while the third-largest deal was between Cleantech Practice and eLeapPower. The BP Plc; Chevron Corp; Temasek Holdings (Private) Ltd; Vickers Venture Partners-Eavor Technologies Inc deal and the Cleantech Practice-eLeapPower deal were valued at $79.1 million and $16.5 million, respectively. The fourth-largest deal was between Spring Lane Capital-7 Generation Capital valued at $16.4 million, whereas the deal between BP Ventures; Canadian Business Growth Fund; Rice Investment Group-Coldbore Technology valued at $11.1 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $327.6 million and accounted for nearly 86.82% of the total deals (by value) announced during the last twelve months.
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