Europe’s power industry saw a rise of 42.86% in cross border deal activity during December 2020, when compared with the last 12-month average, led by BlackRock Global Energy & Power Infrastructure Funds, Coyote Bidco, Mubadala Investment and West Street Infrastructure Partners III’s $1.9bn acquisition of Calisen, according to GlobalData’s deals database.
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A total of 40 power industry cross border deals worth $7.3bn were announced for the region in December 2020, against the 12-month average of 28 deals.
Of all the deal types, M&A saw most activity in December 2020 with 34 transactions, representing an 85% share for the region.
In second place was private equity with six deals, followed by deals with transactions, respectively capturing a 15% and % 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 $4.74bn, while private equity and deals totalled $2.56bn and , respectively.
Europe power industry cross border deals in December 2020: Top deals
The top five power cross border deals accounted for 86.3% of the overall value during December 2020.
The combined value of the top five power cross border deals stood at $6.3bn, against the overall value of $7.3bn recorded for the month.
The top five power industry cross border deals of December 2020 tracked by GlobalData were:
1) BlackRock Global Energy & Power Infrastructure Funds, Coyote Bidco, Mubadala Investment and West Street Infrastructure Partners III’s $1.9bn private equity deal with Calisen
2) The $1.82bn acquisition deal with Grupo T-Solar Global by Cubico Sustainable Investments
3) TPG Pace Beneficial Finance’s $969m acquisition of EVBox
4) The $964m acquisition of Elawan Energy by ORIX Corporation Europe
5) Credit Suisse Energy Infrastructure Partners’ private equity deal with BayWa r e Renewable Energy for $641.95m.
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.