North America’s power industry saw a rise of 3.7% in deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 56 power industry deals worth $2.55bn were announced for the region in May 2019, against the 12-month average of 54 deals.
Of all the deal types, M&A saw most activity in May 2019 with 40 transactions, representing a 71.4% share for the region.
In second place was venture financing with 12 deals, followed by private equity deals with four transactions, respectively capturing a 21.4% and 7.1% 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 $1.83bn, while private equity and venture financing deals totalled $605m and $122.64m, respectively.
North America power industry deals in May 2019: Top deals
The top five power deals accounted for 86.4% of the overall value during May 2019.
The combined value of the top five power deals stood at $2.21bn, against the overall value of $2.55bn recorded for the month. The top announced power deal tracked by GlobalData in May 2019 was Energy Capital Partners’ $621.08m asset transaction with Canadian Utilities.
In second place was the $600m private equity deal with WaterBridge Resources by GIC and in third place was Advanced Energy Industries’ $400m asset transaction with Artesyn Embedded Technologies.
The $300m asset transaction with Stream Gas & Electric by NRG Energy and PNM’s asset transaction with New Mexico Renewable Energy Transmission Authority and Pattern Energy Group 2 for $285m held fourth and fifth positions, respectively.
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.