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  1. Deals Analysis
December 23, 2021updated 03 Feb 2022 1:50pm

Power industry cross border deals total $7.4bn globally in November 2021

By Baghmar P

Total power industry cross border deals worth $7.4bn were announced globally for November 2021, with the $2.4bn private equity deal with FirstEnergy Transmission being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 27.9% over the previous month of $10.2bn and a drop of 17.6% when compared with the last 12-month average of $8.92bn.

In terms of number of cross border deals, the sector saw a drop of 35.71% with 27 deals in November 2021 when compared to the last 12-month average of 42 deals.

In value terms, Europe led the activity with cross border deals worth $3.21bn in November 2021.

power industry cross border deals in November 2021: Top deals

The top five cross border deals accounted for 96% of the overall value during November 2021.

The combined value of the top five cross border deals stood at $7.05bn, against the overall value of $7.4bn recorded for the month.

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

1) Brookfield Asset Management $2.4bn private equity deal for 19.9% stake in FirstEnergy Transmission

2) The $2.3bn acquisition of 97.3% stake in Eolia Renovables de Inversiones SCR by Credit Agricole Assurances and Engie

3) GIC,Primavera Capital and Sequoia Capital US $1bn private equity deal for 97.3% stake in Envision Group

4) The $695.5m acquisition of Sunseap Group by EDP Renovaveis

5) Array Technologies $658.04m acquisition deal with STI Norland

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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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