Europe’s power industry saw a rise of 7.4% in cross border deal activity during November 2020

Europe’s power industry saw a rise of 7.4% in cross border deal activity during November 2020, when compared with the last 12-month average, led by Greencoat UK Wind’s $860.49m acquisition of RWE, according to GlobalData’s deals database.

 

A total of 29 power industry cross border deals worth $2.22bn were announced for the region in November 2020, against the 12-month average of 27 deals.

Of all the deal types, M&A saw most activity in November 2020 with 25 transactions, representing an 86.2% share for the region.

In second place was private equity with three deals, followed by venture financing deals with one transaction, respectively capturing a 10.3% and 3.5% 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 $2.17bn, followed by venture financing deals totalled $48.06m.

Europe power industry cross border deals in November 2020: Top deals

The top five power cross border deals accounted for 92.1% of the overall value during November 2020.

The combined value of the top five power cross border deals stood at $2.05bn, against the overall value of $2.22bn recorded for the month.

The top five power industry cross border deals of November 2020 tracked by GlobalData were:

1) Greencoat UK Wind’s $860.49m asset transaction with RWE

2) The $469.89m acquisition deal with Industrie De Nora by Snam

3) Ancala Partners’ $423.24m acquisition of Ence Energia

4) The $152.4m acquisition of Solarcentury Holdings by Statkraft

5) Arjun Alliance UK two and Mitsubishi UFJ Lease & Finance’s asset transaction with Brookfield Renewable Partners for $140m.