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.
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.
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.