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  1. Deals Analysis
May 19, 2021

Europe’s power industry saw a drop of 25% in cross border deal activity during April 2021

By Baghmar P

Europe’s power industry saw a drop of 25% in cross border deal activity during April 2021, when compared with the last 12-month average, led by Norges Bank Investment Management (NBIM)’s $1.63bn acquisition of Orsted, according to GlobalData’s deals database.

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A total of 24 power industry cross border deals worth $4.5bn were announced for the region in April 2021, against the 12-month average of 32 deals.

Of all the deal types, M&A saw most activity in April 2021 with 17 transactions, representing a 70.8% share for the region.

In second place was private equity with four deals, followed by venture financing deals with three transactions, respectively capturing a 16.7% and 12.5% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in Europe’s power industry with $3.74bn, while venture financing and private equity deals totalled $557.57m and $155.41m, respectively.

Europe power industry cross border deals in April 2021: Top deals

The top five power cross border deals accounted for 95.9% of the overall value during April 2021.

The combined value of the top five power cross border deals stood at $4.28bn, against the overall value of $4.5bn recorded for the month.

The top five power industry cross border deals of April 2021 tracked by GlobalData were:

1) Norges Bank Investment Management (NBIM)’s $1.63bn asset transaction with Orsted

2) The $1.26bn asset transaction deal with Helia Renovables Fcr by Northland Power

3) Orsted’s $683.62m acquisition of Brookfield Renewable Ireland

4) The $550m venture financing of Polestar Performance by I Cube Capital, Zibo Financial Holding and Zibo Hightech Industrial Investment

5) Infracapital Partners’ private equity deal with EnergyNest for $150.71m.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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