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  1. Deals Analysis
June 22, 2022

Power industry cross border deals total $9.2bn globally in May 2022

By Carmen

Total Power industry cross border deals worth $9.2bn were announced globally for May 2022, with the Siemens Energy $4.64bn acquisition of 32.9% stake in Siemens Gamesa Renewable Energy being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 36.9% over the previous month of $6.72bn and a rise of 32.6% when compared with the last 12-month average of $6.94bn.

In terms of number of cross border deals, the sector saw a drop of 2.13% with 46 deals in May 2022 when compared to the last 12-month average of 47 deals.

In value terms, Europe led the activity with cross border deals worth $7.36bn in May 2022.

Power industry cross border deals in May 2022: Top deals

The top five cross border deals accounted for 94.9% of the overall value during May 2022.

The combined value of the top five cross border deals stood at $8.73bn, against the overall value of $9.2bn recorded for the month.

The top five Power industry cross border deals of May 2022 tracked by GlobalData were:

1) Siemens Energy $4.64bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy

2) The $2.18bn acquisition of ContourGlobal by Cretaceous Bidco

3) TotalEnergies $1.6bn acquisition deal for 50% stake in Clearway Energy Group

4) The $157.53m private equity of Power Dot by Antin Infrastructure Partners

5) Bill Gates,Impresa Management,Khosla Ventures,Lightrock,Lineage Ventures and Princeville Capital $150m venture financing deal with Mainspring Energy

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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