Asia-Pacific’s power industry saw a drop of 13.89% in deal activity during April 2022, when compared with the last 12-month average, led by Shell Overseas Investments’ $1.55bn acquisition of Solenergi Power, according to GlobalData’s deals database.
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A total of 31 power industry deals worth $3.8bn were announced for the region in April 2022, against the 12-month average of 36 deals.
Of all the deal types, M&A saw most activity in April 2022 with 15 transactions, representing a 48.4% share for the region.
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In second place was venture financing with 13 deals, followed by private equity deals with three transactions, respectively capturing a 41.9% and 9.7% 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 $2.39bn, while private equity and venture financing deals totalled $1.03bn and $338.29m, respectively.
Asia-Pacific power industry deals in April 2022: Top deals
The top five power deals accounted for 89.3% of the overall value during April 2022.
The combined value of the top five power deals stood at $3.35bn, against the overall value of $3.8bn recorded for the month.
The top five power industry deals of April 2022 tracked by GlobalData were:
1) Shell Overseas Investments $1.55bn acquisition deal with Solenergi Power
2) The $525m private equity of Tata Power Renewable Energy by BlackRock Real Assets and Mubadala Investment
3) Impala,Mirova and Omnes Capital $490.03m private equity deal with TagEnergy
4) The $415.41m acquisition of Philippine Geothermal ProductionInc by SM Investments
5) Jiangsu Expressway $371.7m acquisition deal with Jiangsu Yunshan Green Energy Investment HoldingLimited