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

28 December 2020 (Last Updated December 29th, 2020 19:15)

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.

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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.

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.