North America’s power industry sees a drop of 6.5% in deal activity in Q4 2019

21 February 2020 (Last Updated February 25th, 2020 06:48)

North America’s power industry sees a drop of 6.5% in deal activity in Q4 2019

North America’s power industry saw a drop of 6.5% in overall deal activity during Q4 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 158 deals worth $17.24bn were announced for the region during Q4 2019, against the last four-quarter average of 169 deals.

Of all the deal types, M&A saw most activity in Q4 2019 with 97, representing a 61.4% share for the region.

In second place was venture financing with 41 deals, followed by private equity deals with 20 transactions, respectively capturing a 26% and 12.7% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s power industry with $8.51bn, while private equity and venture financing deals totalled $8.3bn and $427.19m, respectively.

North America power industry deals in Q4 2019: Top deals

The top five power deals accounted for 81.6% of the overall value during Q4 2019.

The combined value of the top five power deals stood at $14.07bn, against the overall value of $17.24bn recorded for the quarter.

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

1) Canada Pension Plan Investment Board’s $6.1bn private equity deal with Pattern Energy Group

2) The $4.52bn acquisition of Anixter International by WESCO International

3) Signify’s $1.4bn acquisition of Cooper Lighting Solutions

4) The $1.3bn private equity deal with Rivian Automotive by, BlackRock, Ford Motor and T Rowe Price Associates

5) Seaspan’s acquisition of APR Energy for $750m.

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.