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.

 

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.

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.