Europe’s power industry sees a rise of 11.1% in deal activity in July 2019

23 August 2019 (Last Updated August 23rd, 2019 09:53)

Europe’s power industry sees a rise of 11.1% in deal activity in July 2019

Europe’s power industry saw a rise of 11.1% in deal activity during July 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 60 power industry deals worth $1.18bn were announced for the region in July 2019, against the 12-month average of 54 deals.

Of all the deal types, M&A saw most activity in July 2019 with 44 transactions, representing a 73.3% share for the region.

In second place was private equity with nine deals, followed by venture financing deals with seven transactions, respectively capturing a 15% and 11.7% 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 $564.75m, while private equity and venture financing deals totalled $549.19m and $69.06m, respectively.

Europe power industry deals in July 2019: Top deals

The top five power deals accounted for 85.8% of the overall value during July 2019.

The combined value of the top five power deals stood at $1.02bn, against the overall value of $1.18bn recorded for the month.

The top five power industry deals of July 2019 tracked by GlobalData were:

1) Brookfield Asset Management’s $500m private equity deal with X-ELIO Energy

2) The $394.98m asset transaction with by Enlight Renewable Energy

3) Cube Infrastructure Fund II’s $43.69m private equity deal with Engenie

4) The $42.9m venture financing of Oxford Photovoltaics by Meyer Burger Technology

5) Aquila Capital Concepts’ asset transaction with Eolus Vind for $33.79m.

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.