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.

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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