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  1. Deals Analysis
June 1, 2021

Europe’s power industry saw a rise of 29.73% in deal activity in Q1 2021

By Baghmar P

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.

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.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed 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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