Total power industry deals for Q1 2019 worth $23.6bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 55.5% over the previous quarter and a drop of 64.9% when compared with the last four-quarter average of $67.27bn.
In terms of number of deals, the sector saw a rise of 5.3% over the last four-quarter average with 418 deals against the average of 397 deals.
In value terms, North America led the activity with deals worth $10.38bn.
Power industry deals in Q1 2019: Top deals
The top five power deals accounted for 26.2% of the overall value during Q1 2019.
The combined value of the top five power deals stood at $6.19bn, against the overall value of $23.6bn recorded for the quarter. The top announced power deal tracked by GlobalData in Q1 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 Total Eren’s $1.14bn acquisition of NovEnergia II.
The $1.06bn acquisition of Sempra Renewables by American Electric Power and Nextera Energy Partners’ asset transaction with NextEra Energy Resources for $1.02bn 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.