Power industry cross border M&A deals total $2.17bn in Europe in November 2020

Total power industry cross border M&A deals worth $2.17bn were announced in Europe in November 2020, led by Greencoat UK Wind’s $860.49m asset transaction with RWE, according to GlobalData’s deals database.

The value marked an increase of 82.4% over the previous month and a rise of 15.4% when compared with the last 12-month average of $1.88bn.

Europe held a 95.18% share of the global power industry cross border M&A deal value that totalled $2.17bn in November 2020. With a 46.54% share and deals worth $1.01bn, the UK 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 25 deals during November 2020, marking a decrease of 19.35% over the previous month and a rise of 8.70% over the 12-month average. The UK recorded six deals during the month.

Europe power industry cross border M&A deals in November 2020: Top deals

The top five power industry cross border M&A deals accounted for 94.1% of the overall value during November 2020.

The combined value of the top five power cross border M&A deals stood at $2.05bn, against the overall value of $2.17bn recorded for the month.

The top five power industry cross border M&A deals of November 2020 tracked by GlobalData were:

1) Greencoat UK Wind’s $860.49m asset transaction with RWE

2) The $469.89m acquisition of Industrie De Nora by Snam

3) Ancala Partners’ $423.24m acquisition of Ence Energia

4) The $152.4m acquisition of Solarcentury Holdings by Statkraft

5) Arjun Alliance UK two and Mitsubishi UFJ Lease & Finance’s asset transaction with Brookfield Renewable Partners for $140m.