Total power industry M&A deals in March 2019 worth $8.52bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 40.7% over the previous month and a drop of 53% when compared with the last 12-month average, which stood at $18.12bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.02bn. At the country level, the US topped the list in terms of deal value at $3.06bn.
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 March 2019 was the US with 19 deals, followed by India with ten and the UK with eight.
In 2019, as of the end of March 2019, power M&A deals worth $18.46bn were announced globally, marking a decrease of 79.2% year on year.
Power industry M&A deals in March 2019: Top deals
The top five power industry M&A deals accounted for 61.8% of the overall value during March 2019.
The combined value of the top five power industry M&A deals stood at $5.27bn, against the overall value of $8.52bn recorded for the month. The top announced power industry M&A deal tracked by GlobalData in March 2019 was Empresa De Energia Del Pacifico SA’s $1.68bn asset transaction with Enertolima.
In second place was the $1.3bn acquisition of Emera Maine by Enmax and in third place was Nextera Energy Partners’ $1.02bn asset transaction with NextEra Energy Resources.
The $896.15m acquisition of Valener by Noverco and China Power New Energy’s acquisition of China Power Clean Energy Development for $374.48m 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. 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.