View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Deals Analysis
November 30, 2021

North America’s power industry saw a drop of 38.78% in deal activity during October 2021

By Baghmar P

North America’s power industry saw a drop of 38.78% in deal activity during October 2021, when compared with the last 12-month average, led by Liberty Utilities’ $2.85bn acquisition of AEP Transmission Co and Kentucky Power, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 30 power industry deals worth $6.1bn were announced for the region in October 2021, against the 12-month average of 49 deals.

Of all the deal types, M&A saw most activity in October 2021 with 15 transactions, representing a 50% share for the region.

In second place was venture financing with 11 deals, followed by private equity deals with four transactions, respectively capturing a 36.7% 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 $3.7bn, while private equity and venture financing deals totalled $2.05bn and $369.6m, respectively.

North America power industry deals in October 2021: Top deals

The top five power deals accounted for 91.6% of the overall value during October 2021.

The combined value of the top five power deals stood at $5.61bn, against the overall value of $6.1bn recorded for the month.

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

1) Liberty Utilities $2.85bn acquisition deal with AEP Transmission Co and Kentucky Power

2) The $1.9bn private equity of Clearway Community Energy Development by Kohlberg Kravis RobertsLP

3) Flex $540m acquisition deal with Anord Mardix

4) The $165m acquisition of Blue Raven Solar by SunPower

5) CounterPoint Capital Partners,Durable Capital Partners,Fidelity Management & Research,Rise Fund,T Rowe Price Associates and Vulcan Capital Management $154m venture financing deal with Rad Power Bikes

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology