Total power industry M&A deals worth $4bn were announced in Europe in April 2021, led by Norges Bank Investment Management (NBIM)’s $1.63bn asset transaction with Orsted, according to GlobalData’s deals database.
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The value marked a decrease of 72.7% over the previous month of $14.48bn and a drop of 34.8% when compared with the last 12-month average of $6.07bn.
Europe held a 45.36% share of the global power industry M&A deal value that totalled $8.73bn in April 2021. With an 18.67% share and deals worth $1.63bn, The Netherlands was the top country in Europe’s M&A deal value across power industry.
In terms of M&A deal activity, Europe recorded 33 deals during April 2021, marking a decrease of 52.17% over the previous month and a drop of 35.29% over the 12-month average. Sweden recorded seven deals during the month.
Europe power industry M&A deals in April 2021: Top deals
The top five power industry M&A deals accounted for 97.7% of the overall value during April 2021.
The combined value of the top five power deals stood at $3.87bn, against the overall value of $4bn recorded for the month.
The top five power industry M&A deals of April 2021 tracked by GlobalData were:
1) Norges Bank Investment Management (NBIM)’s $1.63bn asset transaction with Orsted
2) The $1.26bn asset transaction with Helia Renovables Fcr by Northland Power
3) Orsted’s $683.62m acquisition of Brookfield Renewable Ireland
4) The $183.26m acquisition of 20% stake in Stena Renewable by Alecta Pensionsforsakring Omsesidigt
5) Cox Energy America’s acquisition of 40% stake in Ibox Energy for $112.83m.
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.