Total power industry deals worth $8.09bn were announced globally for February 2021, with the $2.19bn asset transaction with Brookfield Infrastructure Partners being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 32.3% over the previous month of $11.95bn and a drop of 39.9% when compared with the last 12-month average of $13.47bn.
In terms of number of deals, the sector saw a drop of 6.17% with 152 deals in February 2021 when compared to the last 12-month average of 162 deals.
In value terms, North America led the activity with deals worth $5.65bn in February 2021.
Power industry deals in February 2021: Top deals
The top five deals accounted for 61.8% of the overall value during February 2021.
The combined value of the top five deals stood at $5bn, against the overall value of $8.09bn recorded for the month.
The top five power industry deals of February 2021 tracked by GlobalData were:
1) IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners
2) The $963m private equity deal with Aegion by New Mountain Capital
3) ArcLight Capital Partners’ $760m asset transaction with NRG Energy
4) The $651.25m acquisition deal of Pinnacle Renewable Energy by Drax Group
5) China Huadian’s acquisition deal with Huadian Ningxia Lingwu Power GenerationLimited for $437.21m.
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.