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  1. Deals Analysis
May 23, 2021

North America’s power industry saw a rise of 11.29% in deal activity during April 2021

By Baghmar P

North America’s power industry saw a rise of 11.29% in deal activity during April 2021, when compared with the last 12-month average, led by KKRInc’s $3.37bn acquisition of Sempra Infrastructure Partners, according to GlobalData’s deals database.

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A total of 69 power industry deals worth $6.2bn were announced for the region in April 2021, against the 12-month average of 62 deals.

Of all the deal types, M&A saw most activity in April 2021 with 40 transactions, representing a 58% share for the region.

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In second place was venture financing with 20 deals, followed by private equity deals with nine transactions, respectively capturing a 29% and 13.04% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in North America’s power industry with $3.65bn, while M&A and venture financing deals totalled $2.08bn and $451.4m, respectively.

North America power industry deals in April 2021: Top deals

The top five power deals accounted for 83.5% of the overall value during April 2021.

The combined value of the top five power deals stood at $5.16bn, against the overall value of $6.2bn recorded for the month.

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

1) KKRInc’s $3.37bn private equity deal for 20% stake with Sempra Infrastructure Partners

2) The $733m asset transaction deal with Brookfield Renewable Partners by Nextera Energy Partners

3) Greencoat Capital’s $396m asset transaction for 55% stake with EDP Renovaveis

4) The $380m asset transaction with Gray Television and Quincy Media by Allen Media Broadcasting

5) Google and New Enterprise Associates’ venture financing of TAE Technologies for $280m.

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