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

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.

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.