Total power industry M&A deals in February 2019 worth $4.84bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 24.6% over the previous month and a drop of 73.9% when compared with the last 12-month average, which stood at $18.55bn.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $2.23bn. At the country level, the US topped the list in terms of deal value at $1.81bn.
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 February 2019 was the US with 22 deals, followed by the UK with 11 and Germany with 11.
In 2019, as of the end of February 2019, power M&A deals worth $8.72bn were announced globally, marking a decrease of 64.9% year on year.
Power industry M&A deals in February 2019: Top deals
The top five power industry M&A deals accounted for 57.02% of the overall value during February 2019.
The combined value of the top five power industry M&A deals stood at $2.76bn, against the overall value of $4.84bn recorded for the month. The top announced power industry M&A deal tracked by GlobalData in February 2019 was American Electric PowerInc’s $1.06bn acquisition of Sempra Renewables.
In second place was the $593.09m asset transaction with SSE by Greencoat UK Wind and in third place was Commerz Real, Ingka Holding, KGAL GmbH & Co and Wpd Invest’s $451.86m asset transaction with Copenhagen Infrastructure Partners KS, Highland Group Holdings and Siemens Financial Services.
The $378m acquisition of Crius Energy Trust by Vistra Energy and Mitsubishi’s acquisition of Ovo Energy for $278.31m 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.
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.