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

28 December 2020 (Last Updated December 30th, 2020 16:21)

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.

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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.

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.