Total power industry deals for Q1 2020 worth $25.64bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 56.6% over the previous quarter and a drop of 20.5% when compared with the last four-quarter average of $32.27bn.
In terms of number of deals, the sector saw a drop of 17.7% over the last four-quarter average with 405 deals against the average of 492 deals.
In value terms, Europe led the activity with deals worth $9.56bn.
Power industry deals in Q1 2020: Top deals
The top five power deals accounted for 51.8% of the overall value during Q1 2020.
The combined value of the top five power deals stood at $13.27bn, against the overall value of $25.64bn recorded for the month.
The top five power industry deals of Q1 2020 tracked by GlobalData were:
1) KKR &Inc’s $5.1bn private equity deal with Viridor Waste Management
2) The $4.52bn acquisition of Anixter International by WESCO International
3) Brookfield Renewable Partners’ $1.3bn acquisition of TerraForm Power
4) The $1.22bn acquisition of Siemens Gamesa Renewable Energy by Siemens
5) Abu Dhabi Power’s acquisition of Abu Dhabi National Energy for $1.13bn.
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.