Power industry cross border M&A deals total $2.28bn globally in November 2020

28 December 2020 (Last Updated December 28th, 2020 17:53)

Total power industry cross border M&A deals worth $2.28bn were announced globally 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 2.7% over the previous month and a drop of 20% when compared with the last 12-month average, which stood at $2.85bn.

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 $2.17bn. At the country level, the UK topped the list in terms of deal value at $1.01bn.

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 November 2020 was the US with ten deals, followed by the UK with six and Italy with five.

In 2020, as of November, power cross border M&A deals worth $23.57bn were announced globally, marking an increase of 31.2% year on year.

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

The top five cross border M&A deals accounted for 89.8% 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 $2.28bn 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.