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Power industry M&A deals total $14.47bn in Europe in March 2021

28 Apr 2021 (Last Updated April 28th, 2021 14:38)

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.