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  1. Deals Analysis
April 30, 2022

Asia-Pacific’s power industry saw a rise of 2.86% in deal activity during March 2022

By Carmen

Asia-Pacific’s power industry saw a rise of 2.86% in deal activity during March 2022, when compared with the last 12-month average, led by Green Era’s $440m acquisition of of 33.3% stake in Star Energy Group Holdings Pte., according to GlobalData’s deals database.

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A total of 36 power industry deals worth $1bn were announced for the region in March 2022, against the 12-month average of 35 deals.

Of all the deal types, M&A saw most activity in March 2022 with 17 transactions, representing a 47.2% share for the region.

In second place was venture financing with 16 deals, followed by private equity deals with three transactions, respectively capturing a 44.4% and 8.3% 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 $638.36m, while venture financing and private equity deals totalled $186.61m and $185.59m, respectively.

Asia-Pacific power industry deals in March 2022: Top deals

The top five power deals accounted for 88.4% of the overall value during March 2022.

The combined value of the top five power deals stood at $893.01m, against the overall value of $1bn recorded for the month.

The top five power industry deals of March 2022 tracked by GlobalData were:

1) Green Era $440m acquisition of 33.3% stake in Star Energy Group Holdings Pte.

2) The $153.09m venture financing of Sun Cable by Grok Ventures and Squadron Energy

3) Yingke PE $141.32m private equity deal with Wanxiang A123 System Asia

4) The $115m acquisition of 50% stake in Cleantech Energy Corp by Cloud Alpha,Keppel and Keppel Asia Infrastructure Fund

5) Leader Energy $43.6m acquisition of 49% stake in Clean Energy Vision Development Joint Stock

Related Companies

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.

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