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  1. Deals Analysis
May 5, 2021

Power industry M&A deals total $11.39bn in UK in Q1 2021

By Baghmar P

Total power industry M&A deals worth $11.39bn were announced in the UK in Q1 2021, led by National Grid’ $10.85bn acquisition of Western Power Distribution, according to GlobalData’s deals database.

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The value marked an increase of 218.2% over the previous quarter and a rise of 472.4% when compared with the last four-quarter average of $1.99bn.

The UK held a 30.23% share of the global power industry M&A deal value that totalled $37.68bn in Q1 2021.

In terms of deal activity, the UK recorded 45 M&A deals during Q1 2021, marking an increase of 60.71% over the previous quarter and a rise of 87.50% over the last four-quarter average.

UK power industry M&A deals in Q1 2021: Top deals

The top five power industry M&A deals accounted for 98.9% of the overall value during Q1 2021.

The combined value of the top five power M&A deals stood at $11.26bn, against the overall value of $11.39bn recorded for the quarter.

The top five power industry M&A deals of Q1 2021 tracked by GlobalData were:

1) National Grid’s $10.85bn acquisition of Western Power Distribution

2) The $133.03m asset transaction with by Downing Renewables & Infrastructure Trust

3) Bluefield Solar Income Fund’s $120.88m asset transaction with

4) The $89.52m asset transaction with Lightsource BP Renewable Energy Investments by NextEnergy Solar Fund

5) Greencoat UK Wind’s asset transaction with Banks Renewables for $72.41m.

Related Companies

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.

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