Europe’s power industry sees a rise of 9.8% in deal activity in May 2019

21 June 2019 (Last Updated June 21st, 2019 06:16)

Europe’s power industry sees a rise of 9.8% in deal activity in May 2019

Europe’s power industry saw a rise of 9.8% in deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 56 power industry deals worth $1.4bn were announced for the region in May 2019, against the 12-month average of 51 deals.

Of all the deal types, M&A saw most activity in May 2019 with 40 transactions, representing a 71.4% share for the region.

In second place was venture financing with nine deals, followed by private equity deals with seven transactions, respectively capturing a 16.1% and 12.5% 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 $1.08bn, while private equity and venture financing deals totalled $294.21m and $30.38m, respectively.

Europe power industry deals in May 2019: Top deals

The top five power deals accounted for 73.4% of the overall value during May 2019.

The combined value of the top five power deals stood at $1.03bn, against the overall value of $1.4bn recorded for the month. The top announced power deal tracked by GlobalData in May 2019 was Sev.en Energy’s $313.41m asset transaction with Alpiq.

In second place was the $253.71m private equity deal with Severn Trent by Qatar Investment Authority and in third place was Varta’s $201.22m asset transaction with Energizer.

The $156.51m asset transaction with by Enlight Renewable Energy and Ardian Infrastructure and Glennmont Partners’ asset transaction with Athena Investments for $101.75m 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.