North America’s power industry sees a rise of 21.6% in deal activity in April 2019

24 May 2019 (Last Updated May 24th, 2019 17:48)

North America’s power industry sees a rise of 21.6% in deal activity in April 2019

North America’s power industry saw a rise of 21.6% in deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 62 power industry deals worth $8.54bn were announced for the region in April 2019, against the 12-month average of 51 deals.

Of all the deal types, M&A saw most activity in April 2019 with 38 transactions, representing a 61.3% share for the region.

In second place was venture financing with 15 deals, followed by private equity deals with nine transactions, respectively capturing a 24.2% and 14.5% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s power industry with $8.14bn, while private equity and venture financing deals totalled $282m and $115.51m, respectively.

North America power industry deals in April 2019: Top deals

The top five power deals accounted for 89.6% of the overall value during April 2019.

The combined value of the top five power deals stood at $7.65bn, against the overall value of $8.54bn recorded for the month. The top announced power deal tracked by GlobalData in April 2019 was Waste Management’s $4.9bn acquisition of Advanced Disposal Services.

In second place was the $1.25bn asset transaction with Duke Energy Renewables by John Hancock Infrastructure Fund and John Hancock Life Insurance(U.S.A.) and in third place was Capital Power’s $725.9m asset transaction with JERAInc and Toyota Tsusho.

The $460m asset transaction with Southern Power by Austin Energy and Terna Energy’s asset transaction with for $310m held fourth and fifth positions, respectively.

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.