Total power industry M&A deals in Q3 2020 worth $23.33bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 43.9% over the previous quarter and a drop of 3.4% when compared with the last four-quarter average, which stood at $24.33bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $12.05bn. At the country level, the US topped the list in terms of deal value at $11.35bn.
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 Q3 2020 was the US with 78 deals, followed by the UK with 22 and India with 15.
In 2020, as of the end of Q3 2020, power M&A deals worth $60.07bn were announced globally, marking a decrease of 8.7% year on year.
Power industry M&A deals in Q3 2020: Top deals
The top five power industry M&A deals accounted for 48.1% of the overall value during Q3 2020.
The combined value of the top five power M&A deals stood at $11.21bn, against the overall value of $23.33bn recorded for the month.
The top five power industry deals of Q3 2020 tracked by GlobalData were:
1) NRG Energy’s $3.63bn acquisition of Direct Energy
2) The $3.2bn acquisition of Vivint Solar by Sunrun
3) EDP Renovaveis and Energias de Portugal’s $2.31bn acquisition of Viesgo Infraestructuras Energeticas
4) The $1.1bn asset transaction with Equinor by BP
5) ORIX’s acquisition of Greenko Group for $980m.
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.