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  1. Deals Analysis
August 29, 2022

Asia-Pacific’s power industry saw a drop of 11.63% in deal activity during July 2022

By Carmen

Asia-Pacific’s power industry saw a drop of 11.63% in deal activity during July 2022, when compared with the last 12-month average, led by BP Ventures’ $250m venture financing deal with Blu-Smart Mobility, according to GlobalData’s deals database.

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A total of 38 power industry deals worth $1.2bn were announced for the region in July 2022, against the 12-month average of 43 deals.

Of all the deal types, venture financing saw most activity in July 2022 with 20 transactions, representing a 52.6% share for the region.

In second place was M&A with 17 deals, followed by private equity deals with one transactions, respectively capturing a 44.7% and 2.6% 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 $771.71m, while venture financing and private equity deals totalled $333.83m and $83m, respectively.

Asia-Pacific power industry deals in July 2022: Top deals

The top five power deals accounted for 59% of the overall value during July 2022.

The combined value of the top five power deals stood at $700.87m, against the overall value of $1.2bn recorded for the month.

The top five power industry deals of July 2022 tracked by GlobalData were:

1) BP Ventures $250m venture financing deal with Blu-Smart Mobility

2) The $139.35m acquisition of 2% stake in Manila Electric by Metro Pacific Investments

3) Gulf Renewable EnergyLimited $136.1m acquisition deal for 50% stake in Gulf Gunkul Corporation

4) The $92.42m acquisition of NTPC Renewable Energy by NTPC Green Energy

5) Caisse de depot et placement du Quebec $83m private equity deal with Apraava Energy

Related Companies

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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