Led by $1.98bn acquisition of 20% stake in Adani Green Energy, Asia-Pacific’s power industry saw a rise of 8.16% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 116 deals worth $7.31bn were announced for the region during Q1 2021, against the last four-quarter average of 107.25 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 93 deals, representing an 80.2% share for the region.
In second place was venture financing with 21 deals, followed by private equity deals with two transactions, respectively capturing an 18.1% and 1.7% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s power industry with $6.38bn, while venture financing and private equity deals totalled $822.84m and $108.27m, respectively.
Asia-Pacific power industry deals in Q1 2021: Top deals
The top five power deals accounted for a 55.7% share of the overall value during Q1 2021.
The combined value of the top five deals stood at $4.07bn, against the overall value of $7.31bn recorded for the quarter.
The top five power industry deals of Q1 2021 tracked by GlobalData were:
1) Total’s $1.98bn acquisition of 20% stake in Adani Green Energy
2) The $635.01m acquisition of NER-II Transmission by India Grid Trust
3) SUEZ (Asia)’s $537.94m acquisition of 42% stake in SUEZ NWS
4) The $463.38m acquisition deal with Essel by Adani Transmission
5) PMR Group Retirement Plan’s asset transaction with AC Energy for $453m.
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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.
