IFM Global Infrastructure Fund’s $6.15bn private equity deal for 22.69% stake with Naturgy Energy Group was the power industry’s biggest cross border deal of Q1 2021 as cross border deals worth $21.5bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked a decrease of 21.4% over the previous quarter and a rise of 41.4% when compared with the last four-quarter average of $15.21bn.
In terms of number of cross border deals, the sector saw a rise of 35.44% with 214 deals in Q1 2021 against the average of 158 deals in the last four-quarters.
In value terms, Europe led the activity with cross border deals worth $12.17bn.
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By GlobalDatapower industry cross border deals in Q1 2021: Top deals
The top five power industry cross border deals accounted for 67.7% of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $14.55bn, against the overall value of $21.5bn recorded for the quarter.
The top five power industry cross border deals of Q1 2021 tracked by GlobalData were:
1) IFM Global Infrastructure Fund’s $6.15bn private equity deal for 22.69% stake with Naturgy Energy Group
2) The $2.19bn acquisition of Dutch Enviro Energy Holdings, Northumbrian Water, UK Power Networks and Wales & West Utilities by CK Asset Holdings
3) IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners
4) GIC’s $2.05bn private equity deal for 19.9% stake with Duke Energy Indiana
5) Total’s acquisition of 20% stake in Adani Green Energy for $1.98bn.