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  1. Deals Analysis
January 19, 2021updated 12 Feb 2021 7:45am

Power industry cross border M&A deals total $10.15bn globally in December 2020

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.

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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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