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  1. Deals Analysis
April 19, 2022

Power industry cross border deals total $3.9bn globally in March 2022

By Nikitha Ladda

Total power industry cross border deals worth $3.9bn were announced globally for March 2022, with the $1.28bn private equity deal for 47% stake in Reden Solar being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 68.4% over the previous month of $2.31bn and a drop of 45.8% when compared with the last 12-month average of $7.17bn.

In terms of number of cross border deals, the sector saw a drop of 15.22% with 39 deals in March 2022 when compared to the last 12-month average of 46 deals.

In value terms, Europe led the activity with cross border deals worth $2.88bn in March 2022.

power industry cross border deals in March 2022: Top deals

The top five cross border deals accounted for 83.7% of the overall value during March 2022.

The combined value of the top five cross border deals stood at $3.26bn, against the overall value of $3.9bn recorded for the month.

The top five power industry cross border deals of March 2022 tracked by GlobalData were:

1) British Columbia Investment Management,Macquarie Asset Management Holding and MEAG Munich Ergo AssetManagement $1.28bn private equity deal for 47% stake in Reden Solar

2) The $1.14bn private equity of 50% stake in Fortum Oslo Varme by Hafslund Eco,HitecVision and Infranode

3) Green Era $440m acquisition deal for 33.33% stake in Star Energy Group Holdings Pte.

4) The $240.38m private equity of Entropy by Brookfield Global Transition Fund I

5) Apollo Global Management,Fisker,Hedosophia,Landis+Gyr Group and Meridiam Infrastructure Finance SAr.l $150m venture financing deal with Allego

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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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