Europe’s power industry saw a rise of 20.97% in deal activity during March 2021, when compared with the last 12-month average, led by National Grid’s $10.85bn acquisition of Western Power Distribution, according to GlobalData’s deals database.
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A total of 75 power industry deals worth $17.89bn were announced for the region in March 2021, against the 12-month average of 62 deals.
Of all the deal types, M&A saw most activity in March 2021 with 61 transactions, representing an 81.3% share for the region.
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By GlobalDataIn second place was venture financing with nine deals, followed by private equity deals with five transactions, respectively capturing a 12% and 6.7% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Europe’s power industry with $14.47bn, while private equity and venture financing deals totalled $3.3bn and $111.97m, respectively.
Europe power industry deals in March 2021: Top deals
The top five power deals accounted for 97.1% of the overall value during March 2021.
The combined value of the top five power deals stood at $17.37bn, against the overall value of $17.89bn recorded for the month.
The top five power industry deals of March 2021 tracked by GlobalData were:
1) National Grid’s $10.85bn acquisition of Western Power Distribution
2) The $3.24bn private equity deal with Aggreko by Albion Acquisitions
3) CK Asset Holdings’ $2.19bn acquisition of Dutch Enviro Energy Holdings, Northumbrian Water, UK Power Networks and Wales & West Utilities
4) The $956.33m asset transaction with Fortum by Partners Group
5) Teforto Holdings’ asset transaction with for $144.96m.
