Total power industry deals for July 2019 worth $9.87bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 10.7% over the previous month and a drop of 12.9% when compared with the last 12-month average of $11.33bn.

In terms of number of deals, the sector saw a rise of 1.4% over the last 12-month average with 148 deals against the average of 146 deals.

In value terms, North America led the activity with deals worth $6.73bn.

Power industry deals in July 2019: Top deals

The top five power deals accounted for 67.7% of the overall value during July 2019.

The combined value of the top five power deals stood at $6.68bn, against the overall value of $9.87bn recorded for the month.

The top five power industry deals of July 2019 tracked by GlobalData were:

1) Ontario Power Generation’s $2.18bn asset transaction with TransCanada Energy

2) The $2bn asset transaction with Invenergy by Public Serviceof Oklahoma and Southwestern Electric Power

3) Antin Infrastructure Partners’ $1.25bn asset transaction with Veolia Energy North America Holdings

4) The $720m asset transaction with AltaGas by TerraForm Power

5) MRC Alon Tavor Power’s asset transaction with The Israel Electric for $530.99m.

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.