Europe’s power industry saw a drop of 29.23% in 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 46 power industry deals worth $4.7bn were announced for the region in April 2021, against the 12-month average of 65 deals.
Of all the deal types, M&A saw most activity in April 2021 with 33 transactions, representing a 71.7% share for the region.
In second place was private equity with eight deals, followed by venture financing deals with five transactions, respectively capturing a 17.4% and 10.9% 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 $3.96bn, while venture financing and private equity deals totalled $563.45m and $155.41m, respectively.
Europe power industry deals in April 2021: Top deals
The top five power deals accounted for 92.01% of the overall value during April 2021.
The combined value of the top five power deals stood at $4.31bn, against the overall value of $4.7bn recorded for the month.
The top five power industry deals of April 2021 tracked by GlobalData were:
1) Norges Bank Investment Management (NBIM)’s $1.63bn asset transaction for 50% stake 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) Alecta Pensionsforsakring Omsesidigt’s acquisition of 20% stake in Stena Renewable for $183.26m.
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.