Europe’s power industry saw a rise of 4.35% in deal activity during March 2022, when compared with the last 12-month average, led by British Columbia Investment Management, Macquarie Asset Management Holding and MEAG Munich Ergo AssetManagement’s $1.28bn private equity deal for 47% stake in Reden Solar, according to GlobalData’s deals database.
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A total of 48 power industry deals worth $2.9bn were announced for the region in March 2022, against the 12-month average of 46 deals.
Of all the deal types, M&A saw most activity in March 2022 with 24 transactions, representing a 50% share for the region.
In second place was venture financing with 14 deals, followed by private equity deals with ten transactions, respectively capturing a 29.2% and 20.8% share of the overall deal activity for the month.
In terms of value of deals, private equity was the leading category in Europe’s power industry with $2.46bn, while venture financing and M&A deals totalled $367.61m and $93.16m, respectively.
Europe power industry deals in March 2022: Top deals
The top five power deals accounted for 95% of the overall value during March 2022.
The combined value of the top five power deals stood at $2.77bn, against the overall value of $2.9bn recorded for the month.
The top five power industry deals of March 2022 tracked by GlobalData were:
1) British Columbia Investment Management,Macquarie Asset Management Holding and MEAG Munich Ergo AssetManagement $1.28bn private equity deal for 47% stake in Reden Solar
2) The $1.14bn private equity of 50% stake in Fortum Oslo Varme by Hafslund Eco,HitecVision and Infranode
3) Apollo Global Management,Fisker,Hedosophia,Landis+Gyr Group and Meridiam Infrastructure Finance SAr.l $150m venture financing deal with Allego
4) The $100m venture financing of Tibber by Balderton Capital (UK),Eight Roads Ventures,Schibsted Ventures and Summa Equity
5) Blue Earth Capital and Copenhagen Infrastructure I KS $94.43m venture financing deal with Sunfire
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.