Total power industry M&A deals in July 2019 worth $8.36bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 53.05% over the previous month and a drop of 12.7% when compared with the last 12-month average, which stood at $9.58bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $6.24bn. At the country level, the US topped the list in terms of deal value at $3.97bn.
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 July 2019 was the US with 30 deals, followed by the UK with eight and India with six.
In 2019, as of the end of July 2019, power M&A deals worth $51.34bn were announced globally, marking a decrease of 63.1% year on year.
Power industry M&A deals in July 2019: Top deals
The top five power industry M&A deals accounted for 79.9% of the overall value during July 2019.
The combined value of the top five power M&A deals stood at $6.68bn, against the overall value of $8.36bn recorded for the month.
The top five power industry deals of July 2019 tracked by GlobalData were:
1) Ontario Power Generation’s $2.18bn asset transaction with TransCanada Energy
2) The $2bn asset transaction with Invenergy by Public Serviceof Oklahoma and Southwestern Electric Power
3) Antin Infrastructure Partners’ $1.25bn asset transaction with Veolia Energy North America Holdings
4) The $720m asset transaction with AltaGas by TerraForm Power
5) MRC Alon Tavor Power’s asset transaction with The Israel Electric for $530.99m.
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.