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.
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By GlobalDataOf 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.
