Asia-Pacific’s power industry saw a drop of 38.89% in deal activity during January 2021, when compared with the last 12-month average, led by Total’s $1.98bn acquisition of Adani Green Energy, according to GlobalData’s deals database.
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A total of 22 power industry deals worth $2.9bn were announced for the region in January 2021, against the 12-month average of 36 deals.
Of all the deal types, M&A saw most activity in January 2021 with 18 transactions, representing an 81.8% share for the region.
In second place was venture financing with four deals capturing an 18.2% 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 $2.79bn, followed by venture financing deals totalled $110.02m.
Asia-Pacific power industry deals in January 2021: Top deals
The top five power deals accounted for 92.7% of the overall value during January 2021.
The combined value of the top five power deals stood at $2.69bn, against the overall value of $2.9bn recorded for the month.
The top five power industry deals of January 2021 tracked by GlobalData were:
1) Total’s $1.98bn acquisition of Adani Green Energy
2) The $537.94m acquisition deal with SUEZ NWS by SUEZ (Asia)
3) CITIC Pacific Special Steel Holdings’ $62m acquisition of Shanghai Electric Group Steel Tube
4) The $61.34m acquisition of Noida Power by Eminent Electricity Distribution
5) Shenzhen Expressway’s venture financing of Mulei County Qianzhi Energy Development for $44.7m.
Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.