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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.

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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.

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