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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.

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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.

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