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.
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.