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  1. Deals Analysis
May 11, 2021

Asia-Pacific’s power industry saw a drop of 1.82% in cross border deal activity in Q1 2021

By Baghmar P

Led by $1.98bn acquisition of 20% stake in Adani Green Energy, Asia-Pacific’s power industry saw a drop of 1.82% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 27 cross border deals worth $2.02bn were announced for the region during Q1 2021, against the last four-quarter average of 27.50 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 24 deals, representing an 88.9% share for the region.

In second place was venture financing with two deals, followed by private equity deals with one transactions, respectively capturing a 7.4% and 3.7% share of the overall cross border deal activity for the quarter.

In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s power industry with $2bn, while private equity and venture financing deals totalled $15.33m and $7.55m, respectively.

Asia-Pacific power industry cross border deals in Q1 2021: Top deals

The top five power cross border deals accounted for a 100% share of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $2.02bn, against the overall value of $2.02bn recorded for the quarter.

The top five power industry cross border deals of Q1 2021 tracked by GlobalData were:

1) Total’s $1.98bn acquisition of 20% stake in Adani Green Energy

2) The $18.16m acquisition of 30% stake in Angthong Power by Singha Estate Public

3) Cathay Capital’s $15.33m private equity deal with GCL Optoelectronics Technology Holdings

4) The $4.1m venture financing deal with Smart Joules by ADB Ventures, cKinetics Accelerator, Max I., Saket Burman and Sangam Ventures

5) Entrepreneur First, LiNiCo, SOSV Investments and TES (Singapore)’s venture financing with Green Li-ion for $3.45m.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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