Total power industry M&A deals worth $17.84bn were announced in Europe in Q1 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 a decrease of 58.1% over the previous quarter and a rise of 15.1% when compared with the last four-quarter average of $15.5bn.
Europe held a 47.35% share of the global power industry M&A deal value that totalled $37.68bn in Q1 2021. With a 30.23% share and deals worth $11.39bn, the UK was the top country in Europe’s M&A deal value across power industry.
In terms of deal activity, Europe recorded 192 deals during Q1 2021, marking an increase of 16.36% over the previous quarter and a rise of 44.36% over the last four-quarter average. The UK recorded 45 deals during the quarter.
Europe power industry M&A deals in Q1 2021: Top deals
The top five power industry M&A deals accounted for 87.8% of the overall value during Q1 2021.
The combined value of the top five M&A deals stood at $15.66bn, against the overall value of $17.84bn recorded for the quarter.
The top five power industry deals of Q1 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 $850m merger of Alussa Energy Acquisition and Freyr Battery by
5) Aker Horizons’ acquisition of Mainstream Renewable Power for $814.88m.
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.