North America’s power industry saw a drop of 18.18% in deal activity during April 2022, when compared with the last 12-month average, led by Sensata Technologies Holding’s $580m acquisition of Dynapower Co, according to GlobalData’s deals database.
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A total of 45 power industry deals worth $1.7bn were announced for the region in April 2022, against the 12-month average of 55 deals.
Of all the deal types, venture financing saw most activity in April 2022 with 24 transactions, representing a 53.3% share for the region.
In second place was M&A with 15 deals, followed by private equity deals with six transactions, respectively capturing a 33.3% and 13.3% 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 $939.5m, while venture financing and private equity deals totalled $553.02m and $229.5m, respectively.
North America power industry deals in April 2022: Top deals
The top five power deals accounted for 73.7% of the overall value during April 2022.
The combined value of the top five power deals stood at $1.27bn, against the overall value of $1.7bn recorded for the month.
The top five power industry deals of April 2022 tracked by GlobalData were:
1) Sensata Technologies Holding $580m acquisition deal with Dynapower Co
2) The $215m acquisition of NextGen Power Holdings by Archaea Infrastructure
5) BlackRock Financial Management,Blue Bear Capital,BP Ventures,Daishin Private Equity,GLy Capital Management,Octave Ventures and Riverstone Holdings $125m venture financing deal with FreeWire Technologies