Total power industry deals for April 2019 worth $12.65bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 10.9% over the previous month and a rise of 7.7% when compared with the last 12-month average of $13.7bn.
In terms of number of deals, the sector saw a drop of 0.7% over the last 12-month average with 138 deals against the average of 137 deals.
In value terms, North America led the activity with deals worth $8.54bn.
Power industry deals in April 2019: Top deals
The top five power deals accounted for 63.7% of the overall value during April 2019.
The combined value of the top five power deals stood at $8.06bn, against the overall value of $12.65bn recorded for the month. The top announced power deal tracked by GlobalData in April 2019 was Waste Management’s $4.9bn acquisition of Advanced Disposal Services.
In second place was the $1.25bn asset transaction with Duke Energy Renewables by John Hancock Infrastructure Fund and John Hancock Life Insurance(U.S.A.) and in third place was Capital Power’s $725.9m asset transaction with JERA and Toyota Tsusho.
The $689.76m asset transaction with IL&FS Wind Energy by GAIL (India) and EBM and EOS Holding’s stake acquisition of Alpiq for $489.49m held fourth and fifth positions, respectively.
This analysis considers only announced and completed 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.
Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.