Total power industry deals for November 2019 worth $13.55bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 12.8% over the previous month and a rise of 22.1% when compared with the last 12-month average of $11.1bn.
In terms of number of deals, the sector saw a drop of 14.8% over the last 12-month average with 132 deals against the average of 155 deals.
In value terms, North America led the activity with deals worth $7.59bn.
Power industry deals in November 2019: Top deals
The top five power deals accounted for 90.5% of the overall value during November 2019.
The combined value of the top five power deals stood at $12.27bn, against the overall value of $13.55bn recorded for the month.
The top five power industry deals of November 2019 tracked by GlobalData were:
1) Canada Pension Plan Investment Board’s $6.1bn private equity deal with Pattern Energy Group
2) The $4.52bn acquisition of Eneco Holding by Chubu Electric PowerInc and Mitsubishi
3) Seaspan’s $750m acquisition of APR Energy
4) The $608m asset transaction with American Water WorksInc by Liberty Utilities
5) Utico FZC’s acquisition of Hyflux for $293.07m.
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.