Asia-Pacific’s power industry saw a rise of 22.73% in deal activity during August 2022, when compared with the last 12-month average, led by EastBridge Partners, Korea Investment Partners and Stella Investments’s $1.52bn private equity deal with SK Innovation, according to GlobalData’s deals database.
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A total of 54 power industry deals worth $4.8bn were announced for the region in August 2022, against the 12-month average of 44 deals.
Of all the deal types, M&A saw most activity in August 2022 with 24 transactions, representing a 44.4% share for the region.
In second place was venture financing with 24 deals, followed by private equity deals with six transactions, respectively capturing a 44.4% and 11.1% share of the overall deal activity for the month.
In terms of value of deals, private equity was the leading category in Asia-Pacific’s power industry with $2bn, while venture financing and M&A deals totalled $1.52bn and $1.3bn, respectively.
Asia-Pacific power industry deals in August 2022: Top deals
The top five power deals accounted for 86.3% of the overall value during August 2022.
The combined value of the top five power deals stood at $4.16bn, against the overall value of $4.8bn recorded for the month.
The top five power industry deals of August 2022 tracked by GlobalData were:
1) EastBridge Partners, Korea Investment Partners and Stella Investments’s $1.52bn private equity deal with SK Innovation
2) The $1.17bn venture financing of Sunwoda Electric Vehicle Battery by Broad Vision Funds, National Green Development Fund, Shenzhen Capital Group and Source Code Capital
3) Adani Power’s $880.63m acquisition deal with DB Power
4) The $482.1m private equity of Ltd. and Eco-Management Korea Co. by Keppel Asia Infrastructure Fund, Keppel Infrastructure Holdings and Keppel Infrastructure Trust
5) JERA Asia’s $112.65m acquisition deal for 35.1% stake in Gia Lai Electricity