Total power industry M&A deals in November 2019 worth $7.35bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 29.9% over the previous month and a drop of 20.6% when compared with the last 12-month average, which stood at $9.26bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $5.23bn. At the country level, The Netherlands topped the list in terms of deal value at $4.52bn.

In terms of volumes, Europe emerged as the top region for power industry M&A deals globally, followed by Asia-Pacific and then North America.

The top country in terms of M&A deals activity in November 2019 was the US with 20 deals, followed by the UK with 11 and China with nine.

In 2019, as of the end of November 2019, power M&A deals worth $82.69bn were announced globally, marking a decrease of 54.7% year on year.

Power industry M&A deals in November 2019: Top deals

The top five power industry M&A deals accounted for 85.4% of the overall value during November 2019.

The combined value of the top five power M&A deals stood at $6.28bn, against the overall value of $7.35bn recorded for the month.

The top five power industry deals of November 2019 tracked by GlobalData were:

1) Chubu Electric PowerInc and Mitsubishi’s $4.52bn acquisition of Eneco Holding

2) The $750m acquisition of APR Energy by Seaspan

3) Liberty Utilities’ $608m asset transaction with American Water WorksInc

4) The $293.07m acquisition of Hyflux by Utico FZC

5) Octopus Renewables’ asset transaction with Renewable Energy Systems for $110.08m.

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.