North America’s power industry saw a rise of 100.00% in cross border deal activity during December 2020, when compared with the last 12-month average, led by Caisse de depot et placement du Quebec’s $1bn acquisition of Invenergy Renewables, according to GlobalData’s deals database.
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A total of 20 power industry cross border deals worth $3.85bn were announced for the region in December 2020, against the 12-month average of ten deals.
Of all the deal types, M&A saw most activity in December 2020 with 18 transactions, representing a 90% share for the region.
In second place was private equity with two deals, followed by deals with transactions, respectively capturing a 10% and % share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in North America’s power industry with $2.73bn, while private equity and deals totalled $1.13bn and , respectively.
North America power industry cross border deals in December 2020: Top deals
The top five power cross border deals accounted for 93.1% of the overall value during December 2020.
The combined value of the top five power cross border deals stood at $3.59bn, against the overall value of $3.85bn recorded for the month.
The top five power industry cross border deals of December 2020 tracked by GlobalData were:
1) Caisse de depot et placement du Quebec’s $1bn private equity deal with Invenergy Renewables
2) The $837m asset transaction deal with Western Generation Partners by ContourGlobal
3) Brookfield Renewable Energy Partners’ $810m asset transaction with Exelon Generation Co
4) The $600m asset transaction with RWE by Algonquin Power & Utilities
5) TransAlta Renewables’ asset transaction with TransAlta for $340.64m.