Total power industry deals for August 2019 worth $4.74bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 57.01% over the previous month and a drop of 59.2% when compared with the last 12-month average of $11.62bn.
In terms of number of deals, the sector saw a drop of 19.3% over the last 12-month average with 121 deals against the average of 150 deals.
In value terms, North America led the activity with deals worth $1.75bn.
Power industry deals in August 2019: Top deals
The top five power deals accounted for 58.3% of the overall value during August 2019.
The combined value of the top five power deals stood at $2.76bn, against the overall value of $4.74bn recorded for the month.
The top five power industry deals of August 2019 tracked by GlobalData were:
1) Advanced Drainage Systems’ $1.08bn acquisition of Infiltrator Water Technologies
2) The $475m acquisition of Ambit Energy Holdings by Vistra Energy
3) Diodes’ $428m acquisition of Lite-On Semiconductor
4) The $420m acquisition of Zona Franca Celsia by EnfraGen
5) Power Grid’s asset transaction with Transmission System for $358.15m.
Verdict deals analysis methodology
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.