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Power industry cross border M&A deals total $3.35bn in Europe in March 2021

23 Apr 2021 (Last Updated April 23rd, 2021 09:11)

Total power industry cross border M&A deals worth $3.35bn were announced in Europe in March 2021, led by CK Asset Holdings’ $2.19bn acquisition of Dutch Enviro Energy Holdings, Northumbrian Water, UK Power Networks and Wales & West Utilities, according to GlobalData’s deals database.

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The value marked an increase of 835.5% over the previous month of $358.09m and a rise of 113.4% when compared with the last 12-month average of $1.57bn.

Europe held a 99.11% share of the global power industry cross border M&A deal value that totalled $3.38bn in March 2021. With a 64.79% share and deals worth $2.19bn, The Netherlands 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 30 deals during March 2021, marking a decrease of 16.67% over the previous month and a rise of 15.38% over the 12-month average. The UK recorded eight deals during the month.

Europe power industry cross border M&A deals in March 2021: Top deals

The top five power industry cross border M&A deals accounted for 99.6% of the overall value during March 2021.

The combined value of the top five power cross border deals stood at $3.34bn, against the overall value of $3.35bn recorded for the month.

The top five power industry cross border M&A deals of March 2021 tracked by GlobalData were:

1) CK Asset Holdings’ $2.19bn acquisition of Dutch Enviro Energy Holdings, Northumbrian Water, UK Power Networks and Wales & West Utilities

2) The $956.33m asset transaction with Fortum by Partners Group

3) Downing Renewables & Infrastructure Trust’s $133.03m asset transaction

4) The $34.27m acquisition of Aera Group by ARISE Infrastructure Services

5) Falck Renewables’ asset transaction with Caicos Directorship for $25.94m.

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.