Deal activity by volume related to cybersecurity increased by 20% year-on-year in 2022 in the oil & gas industry 

Analysis of the key themes driving deal activity reveals that cybersecurity accounted for 26 oil & gas deals between 2018 and 2022, worth a total value of $1,333m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. The $28m venture financing by Todyl was the largest disclosed deal in 2022.  

In volume terms, cybersecurity related deal activity increased by 20% year-on-year in 2022 and by 67% year-on-year in 2021. 

Venture financing accounted for the highest number of deals in the last five years, with 11 deals, followed by acquisition (7 deals), and partnerships (5 deals).

The top financial advisors supporting deals related to cybersecurity in the oil & gas industry in the last five years in terms of value were Barclays, Guggenheim Securities, Lazard Middle Market, and LionTree Advisors.

The top legal advisors supporting deals related to cybersecurity in the oil & gas industry in the last five years in terms of value were Fried, Frank, Harris, Shriver & Jacobson, Sidley Austin, Weil, Gotshal & Manges, Baker Botts, and Latham & Watkins.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article. 

GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements. 

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.