Total power industry deals for March 2019 worth $11.23bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 63.1% over the previous month and a drop of 45.2% when compared with the last 12-month average of $20.5bn.
In terms of number of deals, the sector saw a rise of 6% over the last 12-month average with 142 deals against the average of 134 deals.
In value terms, North America led the activity with deals worth $5.41bn.
Power industry deals in March 2019: Top deals
The top five power deals accounted for 47.6% of the overall value during March 2019.
The combined value of the top five power deals stood at $5.34bn, against the overall value of $11.23bn recorded for the month. The top announced power deal tracked by GlobalData in March 2019 was Empresa De Energia Del Pacifico’s $1.68bn asset transaction with Enertolima.
In second place was the $1.3bn acquisition of Emera Maine by Enmax and in third place was Nextera Energy Partners’ $1.02bn asset transaction with NextEra Energy Resources.
The $896.15m acquisition of Valener by Noverco and Baidu, Linear Venture and Taihang Industrial Fund’s venture financing of Weimaraner Automotive Technology Group for $446.88m held fourth and fifth positions, respectively.
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.