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