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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.

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.

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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