Power industry M&A deals in Q2 2019 total $23.08bn globally

16 July 2019 (Last Updated July 16th, 2019 14:54)

Power industry M&A deals in Q2 2019 total $23.08bn globally

Total power industry M&A deals in Q2 2019 worth $23.08bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 93.6% over the previous quarter and a drop of 31.2% when compared with the last four-quarter average, which stood at $33.56bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $12.7bn. At the country level, the US topped the list in terms of deal value at $9.73bn.

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 Q2 2019 was the US with 91 deals, followed by Germany with 21 and the UK with 20.

In 2019, as of the end of Q2 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 Q2 2019: Top deals

The top five power industry M&A deals accounted for 40.4% of the overall value during Q2 2019.

The combined value of the top five power industry M&A deals stood at $9.32bn, against the overall value of $23.08bn recorded for the quarter. The top announced power industry M&A deal tracked by GlobalData in Q2 2019 was Waste Management’s $4.9bn acquisition of Advanced Disposal Services.

In second place was the $1.29bn asset transaction with Canadian Utilities and Quanta Services by Greystone Manager Investments and IST3 Investment foundation and in third place was John Hancock Infrastructure Fund and John Hancock Life Insurance(U.S.A.)’s $1.25bn asset transaction with Duke Energy Renewables.

The $1.12bn acquisition of Cube Hydro Partners by Ontario Power Generation and Global Power Synergy Public’s asset transaction with Thai Oil Public for $757m 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.