North America’s power industry sees a drop of 1.9% in deal activity in July 2019

21 August 2019 (Last Updated August 21st, 2019 14:58)

North America’s power industry sees a drop of 1.9% in deal activity in July 2019

North America’s power industry saw a drop of 1.9% in deal activity during July 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 55 power industry deals worth $6.73bn were announced for the region in July 2019, against the 12-month average of 54 deals.

Of all the deal types, M&A saw most activity in July 2019 with 35 transactions, representing a 63.6% share for the region.

In second place was venture financing with 13 deals, followed by private equity deals with seven transactions, respectively capturing a 23.6% and 12.7% 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 $6.24bn, while private equity and venture financing deals totalled $418m and $68.86m, respectively.

North America power industry deals in July 2019: Top deals

The top five power deals accounted for 97.3% of the overall value during July 2019.

The combined value of the top five power deals stood at $6.55bn, against the overall value of $6.73bn recorded for the month.

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

1) Ontario Power Generation’s $2.18bn asset transaction with TransCanada Energy

2) The $2bn asset transaction with Invenergy by Public Serviceof Oklahoma and Southwestern Electric Power

3) Antin Infrastructure Partners’ $1.25bn asset transaction with Veolia Energy North America Holdings

4) The $720m asset transaction with AltaGas by TerraForm Power

5) EIG Global Energy Partners and FS Energy and Power Fund’s private equity deal with NGL Energy Partners for $400m.

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.