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  1. Deals Analysis
May 6, 2021

Power industry M&A deals total $38.18bn globally in Q1 2021

By Baghmar P

Total power industry M&A deals worth $38.18bn were announced globally 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 50.65% over the previous quarter of $75.38bn and a rise of 3.04% when compared with the last four-quarter average, which stood at $37.05bn.

Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $17.84bn. At the country level, the UK topped the list in terms of deal value at $11.39bn.

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 Q1 2021 was the US with 109 deals, followed by the UK with 45 and Spain with 25.

In 2021, at the end of , M&A deals worth $38.18bn were announced globally in power industry, marking an increase of 53.3% year on year.

M&A deals in power industry in Q1 2021: Top deals

The top five M&A deals in power industry accounted for 55% of the overall value during Q1 2021.

The combined value of the top deals stood at $21bn, against the overall value of $38.18bn recorded for the quarter.

The top five power industry power deals of Q1 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 $2.19bn asset transaction with Brookfield Infrastructure Partners by IFM Investors and Ontario Teachers’ Pension Plan

5) Total’s acquisition of Adani Green Energy for $1.98bn.

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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.

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