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Power industry M&A deals in December 2020 total $14.59bn globally

18 Jan 2021 (Last Updated January 18th, 2021 09:41)

Power industry M&A deals in December 2020 total $14.59bn globally

Total power industry M&A deals in December 2020 worth $14.59bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 10.6% over the previous month and a rise of 22.2% when compared with the last 12-month average, which stood at $11.94bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $5.32bn. At the country level, the US topped the list in terms of deal value at $5.3bn.

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 December 2020 was the US with 43 deals, followed by China with ten and Spain with eight.

In 2020, as of the end of December 2020, power M&A deals worth $142.1bn were announced globally, marking an increase of 42.7% year on year.

Power industry M&A deals in December 2020: Top deals

The top five power industry M&A deals accounted for 55% of the overall value during December 2020.

The combined value of the top five power M&A deals stood at $8.02bn, against the overall value of $14.59bn recorded for the month.

The top five power industry deals of December 2020 tracked by GlobalData were:

1) Caisse de depot et placement du Quebec and Cathay Securities Investment Trust’s $2.68bn asset transaction with Orsted

2) The $1.82bn acquisition of Grupo T-Solar Global by Cubico Sustainable Investments

3) The $1.35bn merger of Star Peak Energy Transition and Stem

4) The $1.2bn asset transaction with Terra-Gen by Ameren Missouri

5) TPG Pace Beneficial Finance’s acquisition of EVBox for $969m.

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.