Total power industry deals worth $10.4bn were announced globally for June 2021, with Alecta Pensionsforsakring Omsesidigt , APG Groep , Axa Real Estate Investment Managers, Keva and PGGM ’s $3.46bn private equity deal for 50% Stake in Stockholm Exergi being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 102.9% over the previous month of $5.13bn and a drop of 26.3% when compared with the last 12-month average of $14.13bn.
In terms of number of deals, the sector saw a drop of 27.93% with 80 deals in June 2021 when compared to the last 12-month average of 111 deals.
In value terms, Europe led the activity with deals worth $8.81bn in June 2021.
Power industry deals in June 2021: Top deals
The top five deals accounted for 89.3% of the overall value during June 2021.
The combined value of the top five deals stood at $9.29bn, against the overall value of $10.4bn recorded for the month.
The top five power industry deals of June 2021 tracked by GlobalData were:
1) Alecta Pensionsforsakring Omsesidigt, APG Groep, Axa Real Estate Investment Managers, Keva and PGGM’s $3.46bn private equity deal for 50% Stake in Stockholm Exergi
2) The $2.75bn private equity deal with Northvolt by AMF Pensionsforsakring , AP1 , Baillie Gifford, Baron Capital Management , Bridford Investments , Compagnia di San Paolo , Cristina Stenbeck , Daniel Ek , Goldman Sachs Asset Management , IMAS Foundation , KIC InnoEnergy, Norrsken VC , OMERS Capital Markets , PCS , Scania , Second Swedish National Pension Fund , Stena Metall , The Fourth Swedish National Pension Fund, The Third Swedish National Pension Fund (Tredje AP-fonden ) and Volkswagen
3) Veleta BidCo S.a’s $1.29bn acquisition of SolarPack Corporacion Tecnologica
5) Prolec GE International S de RL de CV’s acquisition deal with SPX Transformer Solutions for $645m.