Total power industry M&A deals worth $21.52bn were announced globally 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 150.8% over the previous month of $8.58bn and a rise of 79.3% when compared with the last 12-month average, which stood at $12bn.
Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $14.47bn. At the country level, the UK topped the list in terms of deal value at $11.1bn.
In terms of volumes, Europe emerged as the top region for power industry M&A deals globally, followed by Asia-Pacific and then North America.
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By GlobalDataThe top country in terms of M&A deals activity in March 2021 was the US with 27 deals, followed by the UK with 20 and India with nine.
In 2021, as of March, power M&A deals worth $37.68bn were announced globally, marking an increase of 53.3% year on year.
power industry M&A deals in March 2021: Top deals
The top five M&A deals accounted for 86.2% of the overall value during March 2021.
The combined value of the top five power M&A deals stood at $18.55bn, against the overall value of $21.52bn 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 $3.8bn acquisition of The Narragansett Electric by PPL
3) CK Asset Holdings’ $2.19bn acquisition of Dutch Enviro Energy Holdings, Northumbrian Water, UK Power Networks and Wales & West Utilities
4) The $956.33m asset transaction with Fortum by Partners Group
5) ArcLight Capital Partners’ asset transaction with NRG Energy for $760m.