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  1. Deals Analysis
February 18, 2021

North America’s power industry saw a rise of 50.00% in deal activity during January 2021

By Baghmar P

North America’s power industry saw a rise of 50.00% in deal activity during January 2021, when compared with the last 12-month average, led by GIC’s $2.05bn acquisition of Duke Energy Indiana, according to GlobalData’s deals database.

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A total of 81 power industry deals worth $7.33bn were announced for the region in January 2021, against the 12-month average of 54 deals.

Of all the deal types, M&A saw most activity in January 2021 with 42 transactions, representing a 51.9% share for the region.

In second place was venture financing with 22 deals, followed by private equity deals with 17 transactions, respectively capturing a 27.2% and 21% 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 $4.2bn, while M&A and venture financing deals totalled $2.3bn and $828.75m, respectively.

North America power industry deals in January 2021: Top deals

The top five power deals accounted for 77.6% of the overall value during January 2021.

The combined value of the top five power deals stood at $5.68bn, against the overall value of $7.33bn recorded for the month.

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

1) GIC’s $2.05bn private equity deal with Duke Energy Indiana

2) The $1.6bn merger deal with ArcLight Clean Transition and Proterra

3) I Squared Capital’s $961m private equity deal with Atlantic Power

4) The $590m venture financing of Sila Nanotechnologies by 8VC , Bessemer Venture Partners, Canada Pension Plan Investment Board, Coatue Management, Sutter Hill Ventures and T Rowe Price Associates

5) CarVal Investors and Generate Capital’s private equity deal with Intersect Power for $482m.

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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