Power industry cross border deals total $14.05bn globally in December 2020

20 January 2021 (Last Updated February 12th, 2021 07:44)

Total power industry cross border deals worth $14.05bn were announced globally for December 2020, with the $2.68bn asset transaction with Orsted being the sector’s biggest investment, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 51.1% over the previous month of $9.3bn and a rise of 229.8% when compared with the last 12-month average of $4.26bn.

In terms of number of cross border deals, the sector saw a rise of 34.62% with 70 deals in December 2020 when compared to the last 12-month average of 52 deals.

In value terms, Europe led the activity with cross border deals worth $7.3bn in December 2020.

Power industry cross border deals in December 2020: Top deals

The top five cross border deals accounted for 59.6% of the overall value during December 2020.

The combined value of the top five cross border deals stood at $8.38bn, against the overall value of $14.05bn recorded for the month.

The top five power industry cross border deals of December 2020 tracked by GlobalData were:

1) Caisse de depot et placement du Quebec and Cathay Securities Investment Trust’s $2.68bn asset transaction with Orsted

2) The $1.9bn private equity deal with Calisen by BlackRock Global Energy & Power Infrastructure Funds, Coyote Bidco, Mubadala Investment and West Street Infrastructure Partners III

3) Cubico Sustainable Investments’ $1.82bn acquisition of Grupo T-Solar Global

4) The $1bn private equity deal of Invenergy Renewables by Caisse de depot et placement du Quebec

5) TPG Pace Beneficial Finance’s acquisition deal with EVBox for $969m.

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.