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