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  1. Deals Analysis
July 15, 2019updated 26 Aug 2019 9:13am

Europe’s power industry sees a drop of 1.9% in deal activity in June 2019

Europe’s power industry saw a drop of 1.9% in deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 52 power industry deals worth $1.69bn were announced for the region in June 2019, against the 12-month average of 53 deals.

Of all the deal types, M&A saw most activity in June 2019 with 32 transactions, representing a 61.5% share for the region.

In second place was private equity with 11 deals, followed by venture financing deals with nine transactions, respectively capturing a 21.2% and 17.3% share of the overall deal activity for the month.

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In terms of value of deals, M&A was the leading category in Europe’s power industry with $964.32m, while private equity and venture financing deals totalled $692.09m and $36.24m, respectively.

Europe power industry deals in June 2019: Top deals

The top five power deals accounted for 89.2% of the overall value during June 2019.

The combined value of the top five power deals stood at $1.51bn, against the overall value of $1.69bn recorded for the month. The top announced power deal tracked by GlobalData in June 2019 was Creadev, European Bank for Reconstruction and Development and Proparco’s $428.19m private equity deal with Voltalia.

In second place was the $375.51m asset transaction with CEZ by Eurohold Bulgaria and in third place was Kuzbassenergo’s $321.93m asset transaction with Enel.

The $193.76m acquisition of EDF EN Italia by Edison and TPG Sixth Street Partners’ private equity deal with FerroAtlantica SAU for $189.85m held fourth and fifth positions, respectively.

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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