Europe’s power industry saw a flat growth in cross border deal activity during April 2022, when compared with the last 12-month average, led by KKRInc’s $2.52bn acquisition of Albioma, according to GlobalData’s deals database.
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A total of 23 power industry cross border deals worth $3.6bn were announced for the region in April 2022, against the 12-month average of 23 deals.
Of all the deal types, M&A saw most activity in April 2022 with 11 transactions, representing a 47.8% share for the region.
In second place was private equity with six deals, followed by venture financing deals with six transactions, respectively capturing a 26.1% and 26.1% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, private equity was the leading category in Europe’s power industry with $2.52bn, while venture financing and M&A deals totalled $908.82m and $130.76m, respectively.
Europe power industry cross border deals in April 2022: Top deals
The top five power cross border deals accounted for 96.9% of the overall value during April 2022.
The combined value of the top five power cross border deals stood at $3.45bn, against the overall value of $3.6bn recorded for the month.
The top five power industry cross border deals of April 2022 tracked by GlobalData were:
1) KKRInc $2.52bn private equity deal with Albioma
2) The $652.6m venture financing of Enel by European Investment Bank
3) Blue Elephant Capital,btov Partners,eCAPITAL,Eurazeo,Haniel and Schuerfeld families and Porsche Ventures $217.53m venture financing deal with 1KOMMA5°
4) The $30m acquisition of Nispera by Fluence Energy
5) Borosil Renewables $29.78m acquisition deal with Interfloat