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  1. Deals Analysis
March 16, 2021

Power industry cross border M&A deals total $3.53bn globally in February 2021

By Baghmar P

Total power industry cross border M&A deals worth $3.53bn were announced globally in February 2021, led by IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners, according to GlobalData’s deals database.

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The value marked an increase of 2.9% over the previous month of $3.43bn and a flat growth when compared with the last 12-month average, which stood at $3.53bn.

Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.98bn. At the country level, the Canada topped the list in terms of deal value at $2.96bn.

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 February 2021 was the US with six deals, followed by the Spain with five and Poland with four.

In 2021, as of February, power cross border M&A deals worth $6.96bn were announced globally, marking an increase of 11.02% year on year.

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

The top five cross border M&A deals accounted for 94.2% of the overall value during February 2021.

The combined value of the top five power cross border M&A deals stood at $3.33bn, against the overall value of $3.53bn recorded for the month.

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

1) IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners

2) The $651.25m acquisition of Pinnacle Renewable Energy by Drax Group

3) Transmashholding and Wartsila’s $194.25m acquisition of Bergen Engines

4) The $177.41m asset transaction with PGE Polska Grupa Energetyczna by Orsted

5) Blackheath Resources’ asset transaction with Wolverine Energy and Infrastructure for $118.51m.

Related Companies

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.

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