Total power industry M&A deals in June 2019 worth $5.55bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 27.5% over the previous month and a drop of 44% when compared with the last 12-month average, which stood at $9.9bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.74bn. At the country level, Canada topped the list in terms of deal value at $1.58bn.
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 June 2019 was the US with 20 deals, followed by China with eight and Germany with seven.
In 2019, as of the end of June 2019, power M&A deals worth $42.24bn were announced globally, marking a decrease of 68.03% year on year.
Power industry M&A deals in June 2019: Top deals
The top five power industry M&A deals accounted for 71.1% of the overall value during June 2019.
The combined value of the top five power industry M&A deals stood at $3.94bn, against the overall value of $5.55bn recorded for the month. The top announced power industry M&A deal tracked by GlobalData in June 2019 was Greystone Manager Investments and IST3 Investment foundation’s $1.29bn asset transaction with Canadian Utilities and Quanta Services.
In second place was the $1.12bn acquisition of Cube Hydro Partners by Ontario Power Generation and in third place was Adani Power’s $689.09m asset transaction with Axis Bank and GMR Generation Assets.
The $470m acquisition of Ascendant Group by Algonquin Power & Utilities and Eurohold Bulgaria’s asset transaction with CEZ for $375.51m held fourth and fifth positions, respectively.
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.