Total power industry M&A deals in Q4 2020 worth $71.16bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 110.6% over the previous quarter and a rise of 172.4% when compared with the last four-quarter average, which stood at $26.14bn.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $43.21bn. At the country level, France topped the list in terms of deal value at $26.04bn.
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 Q4 2020 was the US with 106 deals, followed by China with 39 and the UK with 28.
In 2020, as of the end of Q4 2020, power M&A deals worth $142.1bn were announced globally, marking an increase of 42.7% year on year.
Power industry M&A deals in Q4 2020: Top deals
The top five power industry M&A deals accounted for 61.8% of the overall value during Q4 2020.
The combined value of the top five power M&A deals stood at $44.01bn, against the overall value of $71.16bn recorded for the quarter.
The top five power industry deals of Q4 2020 tracked by GlobalData were:
1) Veolia Environnement’s $21.95bn acquisition of Suez
2) The $8.3bn acquisition of PNM Resources by Avangrid
3) ‘s $4.89bn merger of Enel Green Power and Enel Americas
4) The $4.88bn acquisition of Compania General de Electricidad by State Grid International Development
5) Veolia Environnement’s acquisition of Suez for $3.98bn.
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.