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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.

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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.

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