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  1. Deals Analysis
July 28, 2021

North America’s power industry saw a drop of 27.27% in deal activity during June 2021

By Baghmar P

North America’s power industry saw a drop of 27.27% in deal activity during June 2021, when compared with the last 12-month average, led by Prolec GE International S de RL de CV’s $645m acquisition of SPX Transformer Solutions, according to GlobalData’s deals database.

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A total of 32 power industry deals worth $1.3bn were announced for the region in June 2021, against the 12-month average of 44 deals.

Of all the deal types, M&A saw most activity in June 2021 with 13 transactions, representing a 40.6% share for the region.

In second place was venture financing with 11 deals, followed by private equity deals with eight transactions, respectively capturing a 34.4% and 25% 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 $1.08bn, while venture financing and private equity deals totalled $122.33m and $115.39m, respectively.

North America power industry deals in June 2021: Top deals

The top five power deals accounted for 88.1% of the overall value during June 2021.

The combined value of the top five power deals stood at $1.16bn, against the overall value of $1.3bn recorded for the month.

The top five power industry deals of June 2021 tracked by GlobalData were:

1) Prolec GE International S de RL de CV’s $645m acquisition of SPX Transformer Solutions

2) The $389.7m acquisition of 90% stake in Clenera by Enlight Renewable Energy

3) VH Global Sustainable Energy Opportunities’ $63m private equity deal with Energea Global

4) The $35m private equity deal with Caban Systems by Ember Infrastructure Management

5) Breakthrough Energy Ventures, First Solar and Hunt Energy Enterprises’ venture financing of CubicPV for $25m.

Related Companies

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.

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