Total power industry cross border deals worth $1.6bn were announced globally for February 2022, with the $686m acquisition of Aela Energia being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 50.9% over the previous month of $3.22bn and a drop of 77.8% when compared with the last 12-month average of $7.1bn.
In terms of number of cross border deals, the sector saw a drop of 11.11% with 40 deals in February 2022 when compared to the last 12-month average of 45 deals.
In value terms, South and Central America led the activity with cross border deals worth $686m in February 2022.
power industry cross border deals in February 2022: Top deals
The top five cross border deals accounted for 88.3% of the overall value during February 2022.
The combined value of the top five cross border deals stood at $1.39bn, against the overall value of $1.6bn recorded for the month.
The top five power industry cross border deals of February 2022 tracked by GlobalData were:
1) Innergex Renewable Energy $686m acquisition deal with Aela Energia
2) The $227.37m private equity of Hy2gen by Caisse de depot et placement du Quebec,Hy24,Mirova and Technip Energies
3) Bedrock Capital Partners,Broom Ventures,Eight Partners,EPIQ Capital Group,Gaingels,General Dynamics Land Systems,I Squared Capital,Moore Strategic Ventures,Parkwood,Piedmont Capital Partners,Red Cell Partners,StepStone Group and T Rowe Price Associates $200m venture financing deal with Epirus
4) The $200m venture financing of Aurora Solar by Coatue Management,Emerson Collective,Energize Ventures,Fifth Wall Ventures II,ICONIQ Capital and Lux Capital
5) CICC Capital ManagementLimited,Fang Zhenge Fund 2,GSR United Capital and Sino Pacific Capital $78.54m venture financing deal with NaaS
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.