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  1. Deals Analysis
May 11, 2021

Power industry cross border deals total $21.5bn globally in Q1 2021

By Baghmar P

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.

power 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.

Related Companies

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.

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