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

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.

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.