Led by $10.85bn acquisition of Western Power Distribution, Europe’s power industry saw a rise of 29.73% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 228 deals worth $27.61bn were announced for the region during Q1 2021, against the last four-quarter average of 175.75 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 192 deals, representing an 84.2% share for the region.

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In second place was venture financing with 26 deals, followed by private equity deals with ten transactions, respectively capturing an 11.4% and 4.4% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s power industry with $17.84bn, while private equity and venture financing deals totalled $9.51bn and $263.23m, respectively.

Europe power industry deals in Q1 2021: Top deals

The top five power deals accounted for an 84.7% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $23.38bn, against the overall value of $27.61bn recorded for the quarter.

The top five power industry deals of Q1 2021 tracked by GlobalData were:

1) National Grid’s $10.85bn acquisition of Western Power Distribution

2) The $6.15bn private equity deal for 22.69% stake in Naturgy Energy Group by IFM Global Infrastructure Fund

3) Albion Acquisitions’ $3.24bn private equity deal with Aggreko

4) The $2.19bn acquisition deal with Dutch Enviro Energy Holdings, Northumbrian Water, UK Power Networks and Wales & West Utilities by CK Asset Holdings

5) Partners Group’s asset transaction with Fortum for $956.33m.