Asia-Pacific’s power industry saw a rise of 14.81% in deal activity during September 2021, when compared with the last 12-month average, led by Brookfield Asset Management’s $11.08bn private equity deal with AusNet Services, according to GlobalData’s deals database.

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A total of 31 power industry deals worth $25.6bn were announced for the region in September 2021, against the 12-month average of 27 deals.

Of all the deal types, M&A saw most activity in September 2021 with 15 transactions, representing a 48.4% share for the region.

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In second place was venture financing with 12 deals, followed by private equity deals with four transactions, respectively capturing a 38.7% and 12.9% 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 $14.09bn, while private equity and venture financing deals totalled $11.16bn and $386.18m, respectively.

Asia-Pacific power industry deals in September 2021: Top deals

The top five power deals accounted for 93.8% of the overall value during September 2021.

The combined value of the top five power deals stood at $24.06bn, against the overall value of $25.6bn recorded for the month.

The top five power industry deals of September 2021 tracked by GlobalData were:

1) Brookfield Asset Management $11.08bn private equity deal with AusNet Services

2) The $11.08bn acquisition of AusNet Services by APA Group

3) JERAInc $1.58bn acquisition deal for 27% stake in Aboitiz Power

4) The $232.2m venture financing of Beijing Aodong New Energy Investment by Enze fund,Guangzhou Finance Holdings Group and Guangzhou GET Investment Holdings

5) Korea Development Bank $84m venture financing deal with Shinheung