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  1. Deals Analysis
May 19, 2021

Asia-Pacific’s power industry saw a drop of 10.53% in deal activity during April 2021

By Baghmar P

Asia-Pacific’s power industry saw a drop of 10.53% in deal activity during April 2021, when compared with the last 12-month average, led by Worldone Private’s $402.5m acquisition of Jindal Power, according to GlobalData’s deals database.

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A total of 34 power industry deals worth $1.5bn were announced for the region in April 2021, against the 12-month average of 38 deals.

Of all the deal types, M&A saw most activity in April 2021 with 26 transactions, representing a 76.5% share for the region.

In second place was venture financing with eight deals capturing a 23.5% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Asia-Pacific’s power industry with $1.32bn, followed by venture financing deals totalled $176.07m.

Asia-Pacific power industry deals in April 2021: Top deals

The top five power deals accounted for 74.1% of the overall value during April 2021.

The combined value of the top five power deals stood at $1.11bn, against the overall value of $1.5bn recorded for the month.

The top five power industry deals of April 2021 tracked by GlobalData were:

1) Worldone Private’s $402.5m acquisition of 96.42% stake in Jindal Power

2) The $260.77m acquisition deal for 55.5% stake with Signet EV by SK

3) Three Gorges Asset Management’s $190.59m asset transaction with Suzhou GCL New Energy Investment and Xian GCL New Energy Management

4) The $154.14m venture financing of Luting Power by Lanyuan Capital

5) Guangdong Jinyuan New Energy and State Power Investment Corp Guizhou Jinyuan’s asset transaction with Guizhou GCL New Energy and Suzhou GCL New Energy Investment for $102.02m.

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Verdict deals analysis methodology

This analysis considers only announced and completed 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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