Total power industry cross border deals worth $5.89bn were announced globally for January 2021, with the $2.05bn private equity deal with Duke Energy Indiana being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 58.1% over the previous month of $14.07bn and a rise of 20% when compared with the last 12-month average of $4.91bn.
In terms of number of cross border deals, the sector saw a rise of 5.66% with 56 deals in January 2021 when compared to the last 12-month average of 53 deals.
In value terms, North America led the activity with cross border deals worth $2.75bn in January 2021.
Power industry cross border deals in January 2021: Top deals
The top five cross border deals accounted for 93.7% of the overall value during January 2021.
The combined value of the top five cross border deals stood at $5.52bn, against the overall value of $5.89bn recorded for the month.
The top five power industry cross border deals of January 2021 tracked by GlobalData were:
1) GIC’s $2.05bn private equity deal with Duke Energy Indiana
2) The $1.98bn acquisition of Adani Green Energy by Total
3) Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power
4) The $374m private equity deal of AMP Solar Group by The Carlyle Group
5) Renewable Power Capital’s asset transaction deal with OX2 for $301.68m.
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.