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  1. Deals Analysis
March 29, 2021

North America’s power industry saw a rise of 1.72% in deal activity during February 2021

By Baghmar P

North America’s power industry saw a rise of 1.72% in deal activity during February 2021, when compared with the last 12-month average, led by IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn acquisition of Brookfield Infrastructure Partners, according to GlobalData’s deals database.

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A total of 59 power industry deals worth $5.65bn were announced for the region in February 2021, against the 12-month average of 58 deals.

Of all the deal types, M&A saw most activity in February 2021 with 38 transactions, representing a 64.4% share for the region.

In second place was venture financing with 14 deals, followed by private equity deals with seven transactions, respectively capturing a 23.7% and 11.9% 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 $3.76bn, while private equity and venture financing deals totalled $1.22bn and $672.05m, respectively.

North America power industry deals in February 2021: Top deals

The top five power deals accounted for 85.2% of the overall value during February 2021.

The combined value of the top five power deals stood at $4.81bn, against the overall value of $5.65bn recorded for the month.

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

1) IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners

2) The $963m private equity deal with Aegion by New Mountain Capital

3) ArcLight Capital Partners’ $760m asset transaction with NRG Energy

4) The $651.25m acquisition of Pinnacle Renewable Energy by Drax Group

5) Fontinalis Partners and Vision Ridge Partners’ venture financing of Highland Electric Transportation for $253m.

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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