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Power industry cross border M&A deals total $3.38bn globally in January 2021

24 Feb 2021 (Last Updated February 24th, 2021 19:03)

Total power industry cross border M&A deals worth $3.38bn were announced globally in January 2021, led by Total’s $1.98bn acquisition of Adani Green Energy, according to GlobalData’s deals database.

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The value marked a decrease of 66.8% over the previous month of $10.17bn and a drop of 7.1% when compared with the last 12-month average, which stood at $3.64bn.

Comparing cross border M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.98bn. At the country level, the India topped the list in terms of deal value at $1.98bn.

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 January 2021 was Spain with five deals, followed by the US with four and The Netherlands with four.

In 2021, as of January, power cross border M&A deals worth $3.38bn were announced globally, marking an increase of 27.7% year on year.

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

The top five cross border M&A deals accounted for 98.1% of the overall value during January 2021.

The combined value of the top five power cross border M&A deals stood at $3.31bn, against the overall value of $3.38bn recorded for the month.

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

1) Total’s $1.98bn acquisition of Adani Green Energy

2) The $814.88m acquisition of Mainstream Renewable Power by Aker Horizons

3) Renewable Power Capital’s $301.68m asset transaction with OX2

4) The $160m asset transaction with RWE by Greencoat Capital

5) Naturgy Energy Group’s acquisition of Hamel Renewables for $57m.

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.