Total power industry cross border M&A deals worth $10.15bn were announced globally in December 2020, led by Caisse de depot et placement du Quebec and Cathay Securities Investment Trust’s $2.68bn asset transaction with Orsted, according to GlobalData’s deals database.
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The value marked an increase of 41.2% over the previous month of $7.19bn and a rise of 212.3% when compared with the last 12-month average, which stood at $3.25bn.
Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $4.74bn. At the country level, the Spain topped the list in terms of deal value at $2.79bn.
In terms of volumes, Europe emerged as the top region for power industry cross border M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of cross border M&A deals activity in December 2020 was the US with 16 deals, followed by the Spain with six and Italy with four.
In 2020, as of December, power cross border M&A deals worth $43.33bn were announced globally, marking an increase of 8.3% year on year.
power industry cross border M&A deals in December 2020: Top deals
The top five cross border M&A deals accounted for 71.7% of the overall value during December 2020.
The combined value of the top five power cross border M&A deals stood at $7.27bn, against the overall value of $10.15bn recorded for the month.
The top five power industry cross border M&A deals of December 2020 tracked by GlobalData were:
1) Caisse de depot et placement du Quebec and Cathay Securities Investment Trust’s $2.68bn asset transaction with Orsted
2) The $1.82bn acquisition of Grupo T-Solar Global by Cubico Sustainable Investments
3) TPG Pace Beneficial Finance’s $969m acquisition of EVBox
4) The $964m acquisition of Elawan Energy by ORIX Corporation Europe
5) ContourGlobal’s asset transaction with Western Generation Partners for $837m.
