Total power industry M&A deals worth $1.34bn were announced in Europe in January 2021, led by Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power, according to GlobalData’s deals database.
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The value marked a decrease of 73.2% over the previous month of $5bn and a drop of 69.5% when compared with the last 12-month average of $4.39bn.
Europe held a 20.87% share of the global power industry M&A deal value that totalled $6.42bn in January 2021. With a 12.69% share and deals worth $814.88m, Ireland was the top country in Europe’s M&A deal value across power industry.
In terms of M&A deal activity, Europe recorded 48 deals during January 2021, marking a decrease of 21.31% over the previous month and a rise of 9.09% over the 12-month average. The UK recorded eight deals during the month.
Europe power industry M&A deals in January 2021: Top deals
The top five power industry M&A deals accounted for 99% of the overall value during January 2021.
The combined value of the top five power deals stood at $1.32bn, against the overall value of $1.34bn recorded for the month.
The top five power industry M&A deals of January 2021 tracked by GlobalData were:
1) Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power
2) The $301.68m asset transaction with OX2 by Renewable Power Capital
3) Bluefield Solar Income Fund’s $120.88m asset for acquisition of Bradenstoke Solar Park in Wiltshire, UK
4) The $68.2m acquisition of Audax Renovables by Confecciones Mayoral
5) Foresight Solar Fund’s asset transaction to acquire Solar Assets in Andalusia, Spain for $18.3m.
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.