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  1. Deals Analysis
March 29, 2021

Europe’s power industry saw a drop of 3.39% in deal activity during February 2021

By Baghmar P

Europe’s power industry saw a drop of 3.39% in deal activity during February 2021, when compared with the last 12-month average, led by A2A’s $248.44m acquisition of Octopus Renewables., according to GlobalData’s deals database.

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A total of 57 power industry deals worth $1.24bn were announced for the region in February 2021, against the 12-month average of 59 deals.

Of all the deal types, M&A saw most activity in February 2021 with 51 transactions, representing an 89.5% share for the region.

In second place was venture financing with five deals, followed by private equity deals with one transactions, respectively capturing an 8.8% and 1.8% 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 $1.16bn, while private equity and venture financing deals totalled $48.16m and $33m, respectively.

Europe power industry deals in February 2021: Top deals

The top five power deals accounted for 68.2% of the overall value during February 2021.

The combined value of the top five power deals stood at $843.57m, against the overall value of $1.24bn recorded for the month.

The top five power industry deals of February 2021 tracked by GlobalData were:

1) A2A’s $248.44m asset transaction with Octopus Renewables.

2) The $194.25m acquisition deal with Bergen Engines by Transmashholding and Wartsila

3) Orsted’s $177.41m asset transaction with PGE Polska Grupa Energetyczna

4) The $120.81m acquisition of AS Tallinna Vesi by City of Tallinn and Utilitas Energy Group

5) Polski Koncern Naftowy Orlen’s asset transaction with SCR, Santander Energias Renovables I, SCR and Taiga Inversiones Eolicas for $102.66m.

Related Companies

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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