Europe’s power industry saw a drop of 17.24% in cross border deal activity during August 2022, when compared with the last 12-month average, led by RH International (Singapore) Corp’s $1bn acquisition deal with Nexif Energy Holdings and NXF Holdings 2, according to GlobalData’s deals database.

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A total of 24 power industry cross border deals worth $1.9bn were announced for the region in August 2022, against the 12-month average of 29 deals.

Of all the deal types, M&A saw most activity in August 2022 with 12 transactions, representing a 50% share for the region.

In second place was venture financing with seven deals, followed by private equity deals with five transactions, respectively capturing a 29.2% and 20.8% share of the overall cross border deal activity for the month.

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In terms of value of cross border deals, M&A was the leading category in Europe’s power industry with $1.5bn, while private equity and venture financing deals totalled $324.8m and $91.26m, respectively.

Europe power industry cross border deals in August 2022: Top deals

The top five power cross border deals accounted for 98.1% of the overall value during August 2022.

The combined value of the top five power cross border deals stood at $1.88bn, against the overall value of $1.9bn recorded for the month.

The top five power industry cross border deals of August 2022 tracked by GlobalData were:

1) RH International (Singapore) Corp’s $1bn acquisition deal with Nexif Energy Holdings and NXF Holdings 2

2) The $490m acquisition of 50% stake in Kalyon Enerji Yatirimlari by International Holding

3) Keppel and Keppel Infrastructure Fund Management’s $324.8m private equity deal for 50% stake in Borkum Riffgrund 2

4) The $36.89m venture financing of Blue World Technologies by Breakthrough Energy Ventures, Deutz and Vaekstfonden

5) EIT InnoEnergy, Enfuro Ventures, Equinor Energy Ventures, Invest-NL, Koninklijke Vopak and Somerset Capital Partners’s $29.91m venture financing deal with Elestor