North America’s power industry sees a rise of 2% in deal activity in February 2019

25 March 2019 (Last Updated March 26th, 2019 17:07)

North America’s power industry sees a rise of 2% in deal activity in February 2019

North America’s power industry saw a rise of 2% in deal activity during February 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 51 power industry deals worth $2.97bn were announced for the region in February 2019, against the 12-month average of 50 deals.

Of all the deal types, M&A saw most activity in February 2019 with 28 transactions, representing a 54.9% share for the region.

In second place was venture financing with 18 deals, followed by private equity deals with five transactions, respectively capturing a 35.3% and 9.8% 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 $2.19bn, while venture financing and private equity deals totalled $756.88m and $23.28m, respectively.

North America power industry deals in February 2019: Top deals

The top five power deals accounted for 88.6% of the overall value during February 2019.

The combined value of the top five power deals stood at $2.63bn, against the overall value of $2.97bn recorded for the month. The top announced power deal tracked by GlobalData in February 2019 was American Electric Power’s $1.06bn acquisition of Sempra Renewables.

In second place was the $700m venture financing of Rivian Automotive by Amazon.com and in third place was Vistra Energy’s $378m acquisition of Crius Energy Trust.

The $270m acquisition of U.S. Water Services by Kurita Water Industries and Eversource Energy’s asset transaction with Orsted for $225m 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.