Total power industry cross border M&A deals worth $4.74bn were announced in Europe in December 2020, led by Cubico Sustainable Investments’ $1.82bn acquisition of Grupo T-Solar Global, according to GlobalData’s deals database.
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The value marked an increase of 118.4% over the previous month of $2.17bn and a rise of 190.8% when compared with the last 12-month average of $1.63bn.
Europe held a 46.70% share of the global power industry cross border M&A deal value that totalled $10.15bn in December 2020. With a 27.49% share and deals worth $2.79bn, Spain 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 34 deals during December 2020, marking an increase of 30.77% over the previous month and a rise of 47.83% over the 12-month average. Spain recorded six deals during the month.
Europe power industry cross border M&A deals in December 2020: Top deals
The top five power industry cross border M&A deals accounted for 94.2% of the overall value during December 2020.
The combined value of the top five power cross border deals stood at $4.46bn, against the overall value of $4.74bn recorded for the month.
The top five power industry cross border M&A deals of December 2020 tracked by GlobalData were:
1) Cubico Sustainable Investments’ $1.82bn acquisition of Grupo T-Solar Global
2) The $969m acquisition of EVBox by TPG Pace Beneficial Finance
3) ORIX Corporation Europe’s $964m acquisition of Elawan Energy
4) The $543.78m asset transaction with Equinor and SSE by Eni
5) Greencoat Renewables’ asset transaction with Statkraft for $166.12m.
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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.
