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  1. Deals Analysis
February 17, 2021

Power industry cross border M&A deals total $1.14bn in Europe in January 2021

By Baghmar P

Total power industry cross border M&A deals worth $1.14bn were announced in Europe in January 2021, led by Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power, according to GlobalData’s deals database.

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The value marked a decrease of 76% over the previous month of $4.74bn and a drop of 27.9% when compared with the last 12-month average of $1.58bn.

Europe held a 33.73% share of the global power industry cross border M&A deal value that totalled $3.38bn in January 2021. With a 24.11% share and deals worth $814.88m, Ireland was the top country in Europe’s cross border M&A deal value across power industry.

In terms of cross border M&A deal activity, Europe recorded 32 deals during January 2021, marking a decrease of 15.79% over the previous month and a rise of 39.13% over the 12-month average. Spain recorded five deals during the month.

Europe power industry cross border M&A deals in January 2021: Top deals

The top three power industry cross border M&A deals accounted for 99.1% of the overall value during January 2021.

The combined value of the top five power cross border deals stood at $1.13bn, against the overall value of $1.14bn recorded for the month.

The top three power industry cross border M&A deals of January 2021 tracked by GlobalData were:

1) Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power

2) The $301.68m asset transaction with OX2 by Renewable Power Capital

3) Foresight Solar Fund’s $18.3m asset transaction for acquisition of Solar Assets in Andalusia, Spain

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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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