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  1. Deals Analysis
February 1, 2021

China’s power industry sees a rise of 32.4% in deal activity in Q4 2020

By Baghmar P

China’s power industry saw a rise of 32.4% in overall deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 45 deals worth $1.66bn were announced in Q4 2020, compared to the last four-quarter average of 34 deals.

M&A was the leading category in the quarter with 39 deals which accounted for 86.7% of all deals.

In second place was venture financing with three deals, followed by private equity with three transactions, respectively accounting for 6.7% and 6.7% of overall deal activity in the country’s power industry during the quarter.

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In terms of value of deals, M&A was the leading deal category in China’s power industry with total deals worth $939.39m, while private equity and venture financing deals totalled $683.03m and $41.44m, respectively.

China power industry deals in Q4 2020: Top deals

The top five power deals accounted for 71.4% of the overall value during Q4 2020.

The combined value of the top five power deals stood at $1.19bn, against the overall value of $1.66bn recorded for the quarter.

The top five power industry deals of Q4 2020 tracked by GlobalData were:

1) Agricultural Bank of China, Bank of China Assets, Beijing, Chengtong ICBC Fund, China Life Asset Management and State Power Investment’s $665.33m private equity deal with State Power Investment Group Beijing Power

2) The $200m private equity deal with Sinopec Green Energy Geothermal Development by GIC

3) Huizhou Yiwei Lithium Energy’s $146.17m acquisition of Hubei Yiwei Power

4) The $101.89m acquisition of Shihezi Zezhong Water by Xinjiang Tianfu Energy

5) Shanghai Daode Investment Management Partnership’s private equity deal with Suzhou Zhonglai Photovoltaic New Materials for $74.06m.

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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