Total power industry M&A deals worth $14.47bn were announced in Europe in March 2021, led by National Grid’s $10.85bn acquisition of Western Power Distribution, according to GlobalData’s deals database.
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The value marked an increase of 1402.6% over the previous month of $962.97m and a rise of 190.6% when compared with the last 12-month average of $4.98bn.
Europe held a 67.24% share of the global power industry M&A deal value that totalled $21.52bn in March 2021. With a 51.58% share and deals worth $11.1bn, the UK was the top country in Europe’s M&A deal value across power industry.
In terms of M&A deal activity, Europe recorded 61 deals during March 2021, marking a decrease of 1.61% over the previous month and a rise of 27.08% over the 12-month average. The UK recorded 20 deals during the month.
Europe power industry M&A deals in March 2021: Top deals
The top five power industry M&A deals accounted for 98.6% of the overall value during March 2021.
The combined value of the top five power deals stood at $14.27bn, against the overall value of $14.47bn recorded for the month.
The top five power industry M&A deals of March 2021 tracked by GlobalData were:
1) National Grid’s $10.85bn acquisition of Western Power Distribution
2) The $2.19bn acquisition of Dutch Enviro Energy Holdings, Northumbrian Water, UK Power Networks and Wales & West Utilities by CK Asset Holdings
3) Partners Group’s $956.33m asset transaction with Fortum
4) The $144.96m asset transaction with by Teforto Holdings
5) Downing Renewables & Infrastructure Trust’s asset transaction with for $133.03m.
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.