Power industry M&A deals in Q3 2019 total $24.26bn globally

28 November 2019 (Last Updated November 28th, 2019 13:08)

Power industry M&A deals in Q3 2019 total $24.26bn globally

Total power industry M&A deals in Q3 2019 worth $24.26bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 32.03% over the previous quarter and a drop of 15.1% when compared with the last four-quarter average, which stood at $28.58bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $9.41bn. At the country level, the US topped the list in terms of deal value at $7.13bn.

In terms of volume, 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 Q3 2019 was the US with 87 deals, followed by Germany with 25 and the UK with 20.

In 2019, as of the end of Q3 2019, power M&A deals worth $66.66bn were announced globally, marking a decrease of 56.6% year on year.

Power industry M&A deals in Q3 2019: Top deals

The top five power industry M&A deals accounted for 50.2% of the overall value during Q3 2019.

The combined value of the top five power M&A deals stood at $12.17bn, against the overall value of $24.26bn recorded for the month.

The top five power industry deals of Q3 2019 tracked by GlobalData were:

1) China Yangtze Power International (Hong Kong)’s $3.59bn acquisition of Inland Energy SAC, Luz Del Sur SAA and Tecsur

2) The $3.15bn acquisition of Radius Elnet by SEAS-NVE Holding

3) Ontario Power Generation’s $2.18bn asset transaction with TransCanada Energy

4) The $2bn asset transaction with Invenergy by Public Serviceof Oklahoma and Southwestern Electric Power

5) Antin Infrastructure Partners’ asset transaction with Veolia Energy North America Holdings for $1.25bn.

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.