Europe’s power industry saw a drop of 45.45% in cross border deal activity during October 2022, when compared with the last 12-month average, led by The $619.72m merger deal with Alternus Energy Group and Clean Earth Acquisitions, according to GlobalData’s deals database.
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A total of 30 power industry cross border deals worth $980.3m were announced for the region in October 2022, against the 12-month average of 55 deals.
Of all the deal types, M&A saw most activity in October 2022 with 18 transactions, representing a 60% share for the region.
In second place was private equity with six deals, followed by venture financing deals with six transactions, respectively capturing a 20% and 20% 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 $649.44m, while private equity and venture financing deals totalled $293.59m and $37.25m, respectively.
Europe power industry cross border deals in October 2022: Top deals
The top five power cross border deals accounted for 98.7% of the overall value during October 2022.
The combined value of the top five power cross border deals stood at $967.53m, against the overall value of $980.3m recorded for the month.
The top five power industry cross border deals of October 2022 tracked by GlobalData were:
1) The $619.72m merger deal with Alternus Energy Group and Clean Earth Acquisitions
2) The $293.59m private equity deal for 50% stake in Gridspertise by CVC Capital Partners Fund VIII
3) Fortescue Future Industries Holdings’s $29.73m acquisition deal for 30% stake in Tree Energy Solutions
4) The $14.78m venture financing of Liquid Wind by Alfa Laval, Elyse Energy, HyCap Fund I SCSp, Siemens Energy, Topsoe Fuel Cell and Uniper
5) Fotowatio Renewable Ventures Servicios Espana’s $9.72m venture financing deal with Ecoligo