Total power industry deals for October 2019 worth $11.63bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 3.1% over the previous month and a rise of 4.5% when compared with the last 12-month average of $11.12bn.
In terms of number of deals, the sector saw a rise of 3.3% over the last 12-month average with 157 deals against the average of 152 deals.
In value terms, Europe led the activity with deals worth $5.41bn.
Power industry deals in October 2019: Top deals
The top five power deals accounted for 63.1% of the overall value during October 2019.
The combined value of the top five power deals stood at $7.33bn, against the overall value of $11.63bn recorded for the month.
The top five power industry deals of October 2019 tracked by GlobalData were:
1) Fortum’s $2.53bn acquisition of Uniper
2) The $2.23bn acquisition of Chilquinta Energia and Tecnored by State Gridof China
3) Signify’s $1.4bn acquisition of Cooper Lighting Solutions
4) The $600.79m asset transaction with Malakoff Corporation by AMP Capital Investors
5) Diamond Transmission Partners BBE’s asset transaction with Race Bank Wind Farm for $577.21m.
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.