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.