Total power industry deals for May 2019 worth $7.62bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 40.2% over the previous month and a drop of 41.5% when compared with the last 12-month average of $13.03bn.

In terms of number of deals, the sector saw a rise of 7.8% over the last 12-month average with 152 deals against the average of 141 deals.

In value terms, Asia-Pacific led the activity with deals worth $3.46bn.

Power industry deals in May 2019: Top deals

The top five power deals accounted for 53% of the overall value during May 2019.

The combined value of the top five power deals stood at $4.04bn, against the overall value of $7.62bn recorded for the month. The top announced power deal tracked by GlobalData in May 2019 was India Grid Trust’s $1.66bn asset transaction with Sterlite Power Transmission.

In second place was the $757m asset transaction with Thai Oil Public by Global Power Synergy Public and in third place was Energy Capital Partners’ $621.08m asset transaction with Canadian Utilities.

The $600m private equity deal with WaterBridge Resources by GIC and Advanced Energy Industries’ asset transaction with Artesyn Embedded Technologies for $400m 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.