Total power industry deals for August 2020 worth $3.16bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 84.6% over the previous month and a drop of 70.5% when compared with the last 12-month average of $10.72bn.
In terms of number of deals, the sector saw a drop of 23.1% over the last 12-month average with 113 deals against the average of 147 deals.
In value terms, Asia-Pacific led the activity with deals worth $1.01bn.
Power industry deals in August 2020: Top deals
The top five power deals accounted for 56% of the overall value during August 2020.
The combined value of the top five power deals stood at $1.77bn, against the overall value of $3.16bn recorded for the month.
The top five power industry deals of August 2020 tracked by GlobalData were:
1) PTT Public’s $536.68m acquisition of Global Power Synergy Public
2) The $501.97m asset transaction with EDP Renovaveis by Finerge
3) Enel’s $324m acquisition of Enel Americas
4) The $265m private equity deal with US Wind by Apollo Global Management
5) Bluefield Solar Income Fund’s asset transaction with for $140.66m.
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.