Europe’s power industry saw a rise of 13.64% in cross border deal activity during January 2022

Europe’s power industry saw a rise of 13.64% in cross border deal activity during January 2022, when compared with the last 12-month average, led by Fortescue Future Industries’ $222.27m acquisition of Williams Advanced Engineering, according to GlobalData’s deals database.

A total of 25 power industry cross border deals worth $670.1m were announced for the region in January 2022, against the 12-month average of 22 deals.

Of all the deal types, M&A saw most activity in January 2022 with 16 transactions, representing a 64% share for the region.

In second place was venture financing with five deals, followed by private equity deals with four transactions, respectively capturing a 20% and 16% 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 $514.08m, while private equity and venture financing deals totalled $86.91m and $69.11m, respectively.

Europe power industry cross border deals in January 2022: Top deals

The top five power cross border deals accounted for 84.4% of the overall value during January 2022.

The combined value of the top five power cross border deals stood at $565.36m, against the overall value of $670.1m recorded for the month.

The top five power industry cross border deals of January 2022 tracked by GlobalData were:

1) Fortescue Future Industries $222.27m acquisition deal with Williams Advanced Engineering

2) The $211.96m acquisition of 4new by A2A

3) Eurazeo $51.28m private equity deal for 80% stake in Ikaros Solar

4) The $43.48m acquisition of FuG Elektronik and Guth High Voltage by XP Power

5) Tadiran Group $36.38m acquisition of 60% stake in VP Solar