Total power industry deals for Q2 2020 worth $16.73bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 43.5% over the previous quarter and a drop of 49.3% when compared with the last four-quarter average of $32.99bn.
In terms of number of deals, the sector saw a drop of 34.2% over the last four-quarter average with 317 deals against the average of 482 deals.
In value terms, Asia-Pacific led the activity with deals worth $7.15bn.
Power industry deals in Q2 2020: Top deals
The top five power deals accounted for 42.9% of the overall value during Q2 2020.
The combined value of the top five power deals stood at $7.18bn, against the overall value of $16.73bn recorded for the month.
The top five power industry deals of Q2 2020 tracked by GlobalData were:
1) Ontario Power Generation’s $2bn asset transaction with TC Energy
2) The $1.63bn acquisition of Electrificadora del Caribe S.A, E.S.P. by Consorcio Energia de la Costa and Empresas Publicas De Medellin
3) Volkswagen’s $1.21bn acquisition of Guoxuan High-tech
4) The $1.21bn acquisition of Gotion High-tech by Volkswagen
5) Siemens Gas And Power Holding’s acquisition of Siemens 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.