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

23 Apr 2021 (Last Updated April 23rd, 2021 10:13)

Total power industry cross border M&A deals worth $3.38bn were announced globally 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 a decrease of 12% over the previous month of $3.84bn and a drop of 12.4% when compared with the last 12-month average, which stood at $3.86bn.

Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $3.35bn. At the country level, the The Netherlands topped the list in terms of deal value at $2.19bn.

In terms of volumes, Europe emerged as the top region for power industry cross border M&A deals globally, followed by Asia-Pacific and then North America.

The top country in terms of cross border M&A deals activity in March 2021 was the UK with eight deals, followed by the Spain with six and The Netherlands with five.

In 2021, as of March, power cross border M&A deals worth $12.45bn were announced globally, marking an increase of 36.2% year on year.

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

The top five cross border M&A deals accounted for 98.7% of the overall value during March 2021.

The combined value of the top five power cross border M&A deals stood at $3.34bn, against the overall value of $3.38bn 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.