Europe’s power industry saw a drop of 21.6% in deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 40 power industry deals worth $1.94bn were announced for the region in April 2019, against the 12-month average of 51 deals.
Of all the deal types, M&A saw most activity in April 2019 with 30 transactions, representing a 75% share for the region.
In second place was private equity with six deals, followed by venture financing deals with four transactions, respectively capturing a 15% and 10% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Europe’s power industry with $1.75bn, while private equity and venture financing deals totalled $170.15m and $18.65m, respectively.
Europe power industry deals in April 2019: Top deals
The top five power deals accounted for 49.3% of the overall value during April 2019.
The combined value of the top five power deals stood at $955.9m, against the overall value of $1.94bn recorded for the month. The top announced power deal tracked by GlobalData in April 2019 was EBM and EOS Holding’s $489.49m acquisition of Alpiq.
In second place was the $211m asset transaction with The AES by Energeticky a Prumyslovy Holding, Mitsui & Co, and Nebras Power and in third place was Duet Private Equity’s $158.89m private equity deal with Gas Natural Fenosa Furnizare Energie and Red Union Fenosa.
The $65.33m asset transaction with Scottish Equity Partners by Pensions Infrastructure Platform and AQ Group’s acquisition of Trafotek for $31.2m held fourth and fifth positions, respectively.
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.
Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.