Total power industry M&A deals in April 2020 worth $4.61bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 57.9% over the previous month and a drop of 44.8% when compared with the last 12-month average, which stood at $8.35bn.
Comparing deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $2.23bn. At the country level, Chile topped the list in terms of deal value at $2.23bn.
In terms of volumes, Europe emerged as the top region for power industry M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of M&A deals activity in April 2020 was the US with 21 deals, followed by China with eight and the UK with six.
In 2020, as of the end of April 2020, power M&A deals worth $22.41bn were announced globally, marking a decrease of 29% year on year.
Power industry M&A deals in April 2020: Top deals
The top five power industry M&A deals accounted for 86.9% of the overall value during April 2020.
The combined value of the top five power M&A deals stood at $4.01bn, against the overall value of $4.61bn recorded for the month.
The top five power industry deals of April 2020 tracked by GlobalData were:
1) State Grid International Development’s $2.23bn acquisition of Chilquinta Energia and Tecnored
2) The $680m asset transaction with Xcel Energy by Southwest Generation Operating Company
3) Acciona and AXA Investment Managers – Real Assets’ $484.79m acquisition of Acciona Energia Internacional
4) The $395.46m asset transaction with Vattenfall Wind Power by Greencoat UK Wind
5) Siemens Gamesa Renewable Energy’s acquisition of Ria Blades for $217.15m.
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.