Total power industry M&A deals worth $3.7bn were announced globally in June 2021, led by Veleta BidCo S.a’s $1.29bn acquisition of SolarPack Corporacion Tecnologica, according to GlobalData’s deals database.
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The value marked a decrease of 18.1% over the previous month of $4.53bn and a drop of 61.2% when compared with the last 12-month average, which stood at $9.55bn.
Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $2.53bn. At the country level, the Spain topped the list in terms of deal value at $1.29bn.
In terms of volumes, Europe emerged as the top region for power industry M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of M&A deals activity in June 2021 was the US with 12 deals, followed by the UK with five and Spain with three.
In 2021, as of June, power M&A deals worth $65.71bn were announced globally, marking an increase of 154.8% year on year.
power industry M&A deals in June 2021: Top deals
The top five M&A deals accounted for 95.7% of the overall value during June 2021.
The combined value of the top five power M&A deals stood at $3.55bn, against the overall value of $3.7bn recorded for the month.
The top five power industry M&A deals of June 2021 tracked by GlobalData were:
1) Veleta BidCo S.a’s $1.29bn acquisition of SolarPack Corporacion Tecnologica
2) The $1.15bn acquisition of Bristol Water and Bristol Water Holdings UK by Pennon Group
3) Prolec GE International S de RL de CV’s $645m acquisition of SPX Transformer Solutions
4) The $389.7m acquisition of 90% stake in Clenera by Enlight Renewable Energy
5) Innergex Renewable Energy’s acquisition of 50% stake in Energia Llaima for $71.35m.
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.