Europe’s power industry saw a rise of 10.00% in cross border deal activity during February 2021, when compared with the last 12-month average, led by Transmashholding and Wartsila’s $194.25m acquisition of Bergen Engines, according to GlobalData’s deals database.
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A total of 33 power industry cross border deals worth $611.06m were announced for the region in February 2021, against the 12-month average of 30 deals.
Of all the deal types, M&A saw most activity in February 2021 with 31 transactions, representing a 93.9% share for the region.
In second place was private equity with one deals, followed by venture financing deals with one transactions, respectively capturing a 3.03% and 3.03% 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 $550.87m, while private equity and venture financing deals totalled $48.16m and $12.03m, respectively.
Europe power industry cross border deals in February 2021: Top deals
The top five power cross border deals accounted for 97.4% of the overall value during February 2021.
The combined value of the top five power cross border deals stood at $595.19m, against the overall value of $611.06m recorded for the month.
The top five power industry cross border deals of February 2021 tracked by GlobalData were:
1) Transmashholding and Wartsila’s $194.25m acquisition of Bergen Engines
2) The $177.41m asset transaction deal with PGE Polska Grupa Energetyczna by Orsted
3) Polski Koncern Naftowy Orlen’s $102.66m asset transaction with SCR, Santander Energias Renovables I, SCR and Taiga Inversiones Eolicas
4) The $72.72m asset transaction with ABO Wind by Greencoat Renewables
5) Nofar Energy and Noy Infrastructure & Energy Investment Fund’s private equity deal with Sunprime General for $48.16m.