Total power industry deals for Q4 2019 worth $44.83bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 109.3% over the previous quarter and a rise of 39.1% when compared with the last four-quarter average of $32.24bn.
In terms of number of deals, the sector saw a rise of 9.5% over the last four-quarter average with 507 deals against the average of 463 deals.
In value terms, Europe led the activity with deals worth $19.06bn.
Power industry deals in Q4 2019: Top deals
The top five power deals accounted for 44.9% of the overall value during Q4 2019.
The combined value of the top five power deals stood at $20.11bn, against the overall value of $44.83bn recorded for the month.
The top five power industry deals of Q4 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 Anixter International by WESCO International
3) Chubu Electric PowerInc and Mitsubishi’s $4.52bn acquisition of Eneco Holding
4) The $2.53bn acquisition of Uniper by Fortum
5) Credit Agricole Assurances, Engie and Mirova’s asset transaction with Energias de Portugal for $2.45bn.
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.