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  1. Deals Analysis
February 8, 2021

Power industry cross border M&A deals total $2.99bn in Asia-Pacific in Q4 2020

By Baghmar P

Total power industry cross border M&A deals worth $2.99bn were announced in Asia-Pacific Q4 2020, led by Caisse de depot et placement du Quebec and Cathay Securities Investment Trust’s $2.68bn asset transaction, according to GlobalData’s deals database.

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The value marked an increase of 116.7% over the previous quarter and a rise of 100.7% when compared with the last four-quarter average of $1.49bn.

Asia-Pacific held a 15.68% share of the global power industry cross border M&A deal value that totalled $19.07bn in Q4 2020. With a 14.05% share and deals worth $2.68bn, Taiwan was the top country in Asia-Pacific’s cross border M&A deal value across power industry.

In terms of deal activity, Asia-Pacific recorded 20 cross border deals during Q4 2020, marking a decrease of 20.00% over the previous quarter and a drop of 9.09% over the last four-quarter average. Australia recorded six deals during the quarter.

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Asia-Pacific power industry cross border M&A deals in Q4 2020: Top deals

The top five power industry cross border M&A deals accounted for 99.4% of the overall value during Q4 2020.

The combined value of the top five cross border M&A deals stood at $2.97bn, against the overall value of $2.99bn recorded for the quarter.

The top five power industry cross border deals of Q4 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 $201.68m asset transaction with John Laing Group by First Sentier Investors

3) Gunkul Engineering Public’ $39.85m asset transaction with Bangjak Green Energy, Phan Tri Bich Nga and Tran Thi Huong Ha

4) The $23.92m asset transaction with Development & Construction Sole Co, Asia Investment and Ltd by Parabolic Solar Power

5) Fabchem China’s acquisition of Renewable Power Management for $22m.

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