India witnessed deals worth $920 million (nearly Rs 6,232.77 crore) from four buyouts, and China, with $379 million (nearly Rs 2,567.63 crore) three buyouts.
Asia-Pacific remained one of the world's busiest markets for energy merger and acquisitions (M&As) witnessing 200 deals while private equity investment in the region totaled $11.9 billion (nearly Rs 80,619.525 crore) last year, says a report.
Australia led the region by a considerable margin, with $10.2 billion (nearly Rs 69,102.45 crore) spread across five buyouts. This was followed by India, with $920 million (nearly Rs 6,232.77 crore) four buyouts, and China, with $379 million (nearly Rs 2,567.63 crore) three buyouts.
According to the joint report by international law firm Eversheds and M&A intelligence service provider Mergermarket, private equity investment in the Asia-Pacific energy space totaled $11.9 billion (nearly Rs 80,619.525 crore) in 2015, with 17 buyouts the best performance since 2007.
While private equity interest in oil and gas assets is picking up slightly, opportunities in clean energy assets and infrastructure are attracting greater attention, the report added.
Ahead of the 2015 COP21 climate talks in Paris last December, India's energy minister Piyush Goyal has announced plans for a $1 billion (nearly Rs 6,774.75 crore) private equity fund for the renewable energy sector.
"A number of Indian clean energy companies were also the subject of private equity buyouts throughout the year, including a $600 million (nearly Rs 4,064.85 crore) acquisition of Mumbai-based Continuum Wind Energy," the report added.
It said energy corporates were rationalising their operations in the Asia Pacific region driven by the ongoing uncertainty towards global market conditions.
"With markets unsure how long-depressed prices will continue, producers are seeking to cut costs through restructuring and, in some cases, widespread divestment programmes," said the report, 'A towering presence: Asia-Pacific energy M&A'.
According to Eversheds partner Charles Butcher, oil price volatility is one of the greatest impacts on Asia-Pacific energy M&A.
According to Mergermarket data 2015, closed with 200 M&A transactions completed in the Asia-Pacific region, with 85 involving Chinese companies, at a total value exceeding $56 billion (nearly Rs 3.8 lakh crore), with the country's demand for oil largely due to ongoing urbanisation and rising household incomes.
Australia and New Zealand, with 28 and 5 deals respectively, contributed to 17% of Asia's overall deal count, amounting to a total transaction value of $20.5 billion (nearly Rs 1.4 lakh crore).
Chinese-led cross-border values topped $10.8 billion (nearly Rs 73,167.3 crore) through 23 deals, up from $4.1 billion (nearly Rs 27,776.48 crore) through 22 deals in 2014.
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