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Germany’s power industry sees a drop of 14.3% in deal activity in Q4 2019

21 Feb 2020 (Last Updated February 24th, 2020 13:46)

Germany’s power industry sees a drop of 14.3% in deal activity in Q4 2019

Germany’s power industry saw a drop of 14.3% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 24 deals worth $4.66bn were announced in Q4 2019, compared to the last four-quarter average of 28 deals.

M&A was the leading category in the quarter with 20 deals which accounted for 83.3% of all deals.

In second place was private equity with two deals, followed by venture financing with two transactions, respectively accounting for 8.3% and 8.3% of overall deal activity in the country’s power industry during the quarter.

In terms of value of deals, M&A was the leading deal category in Germany’s power industry with total deals worth $4.33bn, while private equity and venture financing deals totalled $329.18m and $1.11m, respectively.

Germany power industry deals in Q4 2019: Top deals

The top five power deals accounted for 96.3% of the overall value during Q4 2019.

The combined value of the top five power deals stood at $4.49bn, against the overall value of $4.66bn recorded for the month.

The top five power industry deals of Q4 2019 tracked by GlobalData were:

1) Fortum’s $2.53bn acquisition of Uniper

2) The $865.93m acquisition of MVV Energie by Allianz, Ardian, DWS Group GmbH & Co, IFM Investors, Ontario Municipal Employees Retirement System, Partners Group and Swiss Life

3) Credit Suisse Energy Infrastructure Partners’ $546.99m asset transaction with Equinor

4) The $329.18m private equity deal with PNE by Morgan Stanley Infrastructure Partners

5) Siemens Gamesa Renewable Energy’s asset transaction with Senvion for $223.28m.

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.


Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.