Total power industry deals for July 2020 worth $20.03bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 305.7% over the previous month and a rise of 105% when compared with the last 12-month average of $9.77bn.
In terms of number of deals, the sector saw a drop of 22.2% over the last 12-month average with 116 deals against the average of 149 deals.
In value terms, North America led the activity with deals worth $14.12bn.
Power industry deals in July 2020: Top deals
The top five power deals accounted for 72.6% of the overall value during July 2020.
The combined value of the top five power deals stood at $14.53bn, against the overall value of $20.03bn recorded for the month.
The top five power industry deals of July 2020 tracked by GlobalData were:
1) NRG Energy’s $3.63bn acquisition of Direct Energy
2) The $3.2bn acquisition of Vivint Solar by Sunrun
3) Spartan Energy Acquisition’s $2.9bn acquisition of Fisker
4) The $2.5bn private equity deal with Rivian Automotive by Amazon.com, Baron Capital Group, BlackRock, Coatue Management, Fidelity Management & Research, Soros Fund Management and T Rowe Price Associates
5) EDP Renovaveis and Energias de Portugal’s acquisition of Viesgo Infraestructuras Energeticas for $2.31bn.
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.