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  1. Deals Analysis
February 17, 2021

Europe’s power industry saw a rise of 28.57% in cross border deal activity during January 2021

By Baghmar P

Europe’s power industry saw a rise of 28.57% in cross border deal activity during January 2021, when compared with the last 12-month average, led by Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power , according to GlobalData’s deals database.

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A total of 36 power industry cross border deals worth $1.15bn were announced for the region in January 2021, against the 12-month average of 28 deals.

Of all the deal types, M&A saw most activity in January 2021 with 32 transactions, representing an 88.9% share for the region.

In second place was private equity with three deals, followed by venture financing deals with one transactions, respectively capturing an 8.3% and 2.8% 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 $1.14bn, while private equity and venture financing deals totalled $9.2m and $2m, respectively.

Europe power industry cross border deals in January 2021: Top deals

The top five power cross border deals accounted for 100% of the overall value during January 2021.

The combined value of the top five power cross border deals stood at $1.15bn, against the overall value of $1.15bn recorded for the month.

The top five power industry cross border deals of January 2021 tracked by GlobalData were:

1) Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power

2) The $301.68m asset transaction deal with OX2 by Renewable Power Capital

3) Foresight Solar Fund’s $18.3m asset transaction for acquisition of Solar Assets in Andalusia, Spain

4) The $9.2m private equity deal with Cuculus by Paris Fonds Vert

5) Elektromreza Srbije ’s acquisition of Crnogorski elektroprenosni sistem for $8.52m.

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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