Europe’s power industry saw a rise of 16.67% in cross border deal activity during May 2022, when compared with the last 12-month average, led by Siemens Energy’s $4.64bn acquisition of 32.9% stake in Siemens Gamesa Renewable Energy, according to GlobalData’s deals database.
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A total of 28 power industry cross border deals worth $7.4bn were announced for the region in May 2022, against the 12-month average of 24 deals.
Of all the deal types, M&A saw most activity in May 2022 with 14 transactions, representing a 50% share for the region.
In second place was private equity with ten deals, followed by venture financing deals with four transactions, respectively capturing a 35.7% and 14.3% 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 $6.86bn, while private equity and venture financing deals totalled $363.98m and $134.37m, respectively.
Europe power industry cross border deals in May 2022: Top deals
The top five power cross border deals accounted for 97.7% of the overall value during May 2022.
The combined value of the top five power cross border deals stood at $7.19bn, against the overall value of $7.4bn recorded for the month.
The top five power industry cross border deals of May 2022 tracked by GlobalData were:
1) Siemens Energy $4.64bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy
2) The $2.18bn acquisition of ContourGlobal by Cretaceous Bidco
3) Antin Infrastructure Partners $157.53m private equity deal with Power Dot
4) The $105.53m private equity of Morrow Batteries by ABB,Agder Energi Venture,Arendals Fossekompani,NOAH,Nysno Klimainvesteringer,PKA and Siemens Financial Services
5) Energy Impact Partners,GIC,Heartcore Capital,Inven Capital SICAV,Pirate Impact Capital and Statkraft Ventures $105.07m venture financing deal with ZOLAR
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.