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.
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.