Total power industry deals for June 2019 worth $11.25bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 91% over the previous month and a drop of 3.7% when compared with the last 12-month average of $11.68bn.
In terms of number of deals, the sector saw a drop of 12.4% over the last 12-month average with 127 deals against the average of 145 deals.
In value terms, North America led the activity with deals worth $7.2bn.
Power industry deals in June 2019: Top deals
The top five power deals accounted for 70.1% of the overall value during June 2019.
The combined value of the top five power deals stood at $7.89bn, against the overall value of $11.25bn recorded for the month. The top announced power deal tracked by GlobalData in June 2019 was Infrastructure Investment Fund’s $4.3bn private equity deal with El Paso Electric.
In second place was the $1.29bn asset transaction with Canadian Utilities and Quanta Services by Greystone Manager Investments and IST3 Investment foundation and in third place was Ontario Power Generation’s $1.12bn acquisition of Cube Hydro Partners.
The $689.09m asset transaction with Axis Bank and GMR Generation Assets by Adani Power and Abu Dhabi Investment Authority and GIC’s private equity deal with Greenko Energies for $495m held fourth and fifth positions, respectively.
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.