Power industry M&A deals in April 2019 total $11.82bn globally

27 May 2019 (Last Updated May 27th, 2019 08:52)

Power industry M&A deals in April 2019 total $11.82bn globally

Total power industry M&A deals in April 2019 worth $11.82bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 38.01% over the previous month and a rise of 5.4% when compared with the last 12-month average, which stood at $11.21bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $8.14bn. At the country level, the US topped the list in terms of deal value at $7.41bn.

In terms of volumes, North America emerged as the top region for power industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in April 2019 was the US with 36 deals, followed by the UK with six and India with five.

In 2019, as of the end of April 2019, power M&A deals worth $30.35bn were announced globally, marking a decrease of 70.9% year on year.

Power industry M&A deals in April 2019: Top deals

The top five power industry M&A deals accounted for 68.2% of the overall value during April 2019.

The combined value of the top five power industry M&A deals stood at $8.06bn, against the overall value of $11.82bn recorded for the month. The top announced power industry M&A deal tracked by GlobalData in April 2019 was Waste Management’s $4.9bn acquisition of Advanced Disposal Services.

In second place was the $1.25bn asset transaction with Duke Energy Renewables by John Hancock Infrastructure Fund and John Hancock Life Insurance(U.S.A.) and in third place was Capital Power’s $725.9m asset transaction with JERAInc and Toyota Tsusho.

The $689.76m asset transaction with IL&FS Wind Energy by GAIL (India) and EBM and EOS Holding’s stake acquisition of Alpiq for $489.49m held fourth and fifth positions, respectively.

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.