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  1. Deals Analysis
March 24, 2021

Europe’s power industry saw a rise of 10.00% in cross border deal activity during February 2021

By Baghmar P

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.

Related Companies

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.

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