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  1. Deals Analysis
August 17, 2022

Europe’s power industry saw a rise of 4.00% in cross border deal activity during July 2022

By Carmen

Europe’s power industry saw a rise of 4.00% in cross border deal activity during July 2022, when compared with the last 12-month average, led by Orsted’s $702.93m acquisition of Ostwind Engineering, Ostwind Erneuerbare Energien, Ostwind International and Ostwindpark Rotmainquelle GmbHKG, according to GlobalData’s deals database.

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A total of 26 power industry cross border deals worth $1.1bn were announced for the region in July 2022, against the 12-month average of 25 deals.

Of all the deal types, M&A saw most activity in July 2022 with 14 transactions, representing a 53.9% share for the region.

In second place was venture financing with seven deals, followed by private equity deals with five transactions, respectively capturing a 26.9% and 19.2% 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 $702.93m, while private equity and venture financing deals totalled $318.44m and $62.7m, respectively.

Europe power industry cross border deals in July 2022: Top deals

The top five power cross border deals accounted for 96.5% of the overall value during July 2022.

The combined value of the top five power cross border deals stood at $1.05bn, against the overall value of $1.1bn recorded for the month.

The top five power industry cross border deals of July 2022 tracked by GlobalData were:

1) Orsted $702.93m acquisition deal with Ostwind Engineering,Ostwind Erneuerbare Energien,Ostwind International and Ostwindpark Rotmainquelle GmbHKG

2) The $225m private equity of Octopus Energy Group by Canada Pension Plan Investment Board

3) Pantheon Infrastructure $48.01m private equity deal with Fudura

4) The $45.43m private equity of Greener Power Solutions by DIF Infrastructure III

5) Cummins $24.37m venture financing deal with VoltStorage

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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