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  1. Deals Analysis
May 11, 2021

Power industry deals total $55.62bn globally in Q1 2021

By Baghmar P

National Grid’s $10.85bn acquisition deal with Western Power Distribution was the power industry’s biggest deal of Q1 2021 as deals worth $55.62bn were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked a decrease of 34.8% over the previous quarter and a rise of 26.9% when compared with the last four-quarter average of $43.82bn.

In terms of number of deals, the sector saw a rise of 28.46% with 615 deals in Q1 2021 against the average of 478.75 deals in the last four-quarters.

In value terms, North America led the activity with deals worth $27.61bn.

power industry deals in Q1 2021: Top deals

The top five power industry deals accounted for 47.1% of the overall value during Q1 2021.

The combined value of the top five deals stood at $26.22bn, against the overall value of $55.62bn recorded for the quarter.

The top five power industry deals of Q1 2021 tracked by GlobalData were:

1) National Grid’s $10.85bn acquisition deals with Western Power Distribution

2) IFM Global Infrastructure Fund’s $6.15bn private equity deal for 22.69% stake with Naturgy Energy Group

3) PPL’s $3.8bn acquisition of The Narragansett Electric

4) The $3.24bn private equity deal with Aggreko by Albion Acquisitions

5) CK Asset Holdings’ acquisition of Dutch Enviro Energy Holdings, Northumbrian Water, UK Power Networks and Wales & West Utilities for $2.19bn.

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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.

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