Asia-Pacific’s power industry saw a rise of 8.11% in deal activity during March 2021

Asia-Pacific’s power industry saw a rise of 8.11% in deal activity during March 2021, when compared with the last 12-month average, led by India Grid Trust’s $635.01m acquisition of NER-II Transmission, according to GlobalData’s deals database.

 

A total of 40 power industry deals worth $3.03bn were announced for the region in March 2021, against the 12-month average of 37 deals.

Of all the deal types, M&A saw most activity in March 2021 with 33 transactions, representing an 82.5% share for the region.

In second place was venture financing with six deals, followed by private equity deals with one transactions, respectively capturing a 15% and 2.5% 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 $2.39bn, while venture financing and private equity deals totalled $622.01m and $15.33m, respectively.

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

The top five power deals accounted for 68.2% of the overall value during March 2021.

The combined value of the top five power deals stood at $2.06bn, against the overall value of $3.03bn recorded for the month.

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

1) India Grid Trust’s $635.01m acquisition of NER-II Transmission

2) The $463.38m venture financing deal with Essel by Adani Transmission

3) PMR Group Retirement Plan’s $453m asset transaction with AC Energy

4) The $283m asset transaction with Canadian Solar by Canadian Solar Infrastructure Fund

5) Huadian Power International’s asset transaction with Inner Mongolia Huadian Mengdong Energy and Tianjin Huadian Fuyuan Thermal Power for $229.93m.