Asia-Pacific’s power industry saw a drop of 17.65% in deal activity during February 2022, when compared with the last 12-month average, led by AC Energy Vietnam Investments 2’s $165m acquisition for 49% stake in Solar NT Holdings, according to GlobalData’s deals database.
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A total of 28 power industry deals worth $783m were announced for the region in February 2022, against the 12-month average of 34 deals.
Of all the deal types, M&A saw most activity in February 2022 with 19 transactions, representing a 67.9% share for the region.
In second place was venture financing with eight deals, followed by private equity deals with one transactions, respectively capturing a 28.6% and 3.6% 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 $418.88m, while venture financing and private equity deals totalled $318.94m and $45.22m, respectively.
Asia-Pacific power industry deals in February 2022: Top deals
The top five power deals accounted for 74.8% of the overall value during February 2022.
The combined value of the top five power deals stood at $585.45m, against the overall value of $783m recorded for the month.
The top five power industry deals of February 2022 tracked by GlobalData were:
1) AC Energy Vietnam Investments 2 $165m acquisition deal for 49% stake in Solar NT Holdings
2) The $153.92m venture financing of Tianqi Lithium Industry (Shehong) by Suzhou Tianhua Chaojing Technology
3) Suzhou Tianhua Ultra-clean Technology $98.95m acquisition deal for 7% stake in Yibin Tianyi Lithium Industry Science and Technology
4) The $89.04m acquisition of Godawari Green Energy by Virescent Infrastructure Investment Manager Pvt
5) CICC Capital ManagementLimited,Fang Zhenge Fund 2,GSR United Capital and Sino Pacific Capital $78.54m venture financing deal with NaaS
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.