Total power industry deals for February 2020 worth $5.91bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 111.1% over the previous month and a drop of 42.1% when compared with the last 12-month average of $10.2bn.
In terms of number of deals, the sector saw a drop of 28% over the last 12-month average with 116 deals against the average of 161 deals.
In value terms, Europe led the activity with deals worth $2.18bn.
Power industry deals in February 2020: Top deals
The top five power deals accounted for 61.9% of the overall value during February 2020.
The combined value of the top five power deals stood at $3.66bn, against the overall value of $5.91bn recorded for the month.
The top five power industry deals of February 2020 tracked by GlobalData were:
1) Siemens’ $1.22bn acquisition of Siemens Gamesa Renewable Energy
2) The $1.13bn acquisition of Abu Dhabi National Energy by Abu Dhabi Power
3) JSW Energy’s $742.28m asset transaction with GMR Energy
4) The $300m asset transaction with Glidepath Ventures by Grasshopper Solar
5) APG Groep and Aquila Capital’s private equity deal with Smakraft for $270.92m.
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.