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  1. Deals Analysis
March 21, 2021

Power industry cross border deals total $3.68bn globally in February 2021

By Baghmar P

Total power industry cross border deals worth $3.68bn were announced globally for February 2021, with the $2.19bn asset transaction with Brookfield Infrastructure Partners being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 38.2% over the previous month of $5.95bn and a drop of 26.6% when compared with the last 12-month average of $5.01bn.

In terms of number of cross border deals, the sector saw a rise of 3.64% with 57 deals in February 2021 when compared to the last 12-month average of 55 deals.

In value terms, North America led the activity with cross border deals worth $3.07bn in February 2021.

Power industry cross border deals in February 2021: Top deals

The top five cross border deals accounted for 90.5% of the overall value during February 2021.

The combined value of the top five cross border deals stood at $3.33bn, against the overall value of $3.68bn recorded for the month.

The top five power industry cross border deals of February 2021 tracked by GlobalData were:

1) IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners

2) The $651.25m acquisition of Pinnacle Renewable Energy by Drax Group

3) Transmashholding and Wartsila’s $194.25m acquisition of Bergen Engines

4) The $177.41m asset transaction deal of PGE Polska Grupa Energetyczna by Orsted

5) Blackheath Resources’ asset transaction deal with Wolverine Energy and Infrastructure for $118.51m.

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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