Total power industry M&A deals worth $6.07bn were announced globally in February 2021, led by IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners, according to GlobalData’s deals database.
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The value marked a decrease of 7.9% over the previous month of $6.59bn and a drop of 44.4% when compared with the last 12-month average, which stood at $10.91bn.
Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.76bn. At the country level, the Canada topped the list in terms of deal value at $2.96bn.
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 February 2021 was the US with 29 deals, followed by the UK with nine and Canada with eight.
In 2021, as of February, power M&A deals worth $12.66bn were announced globally, marking an increase of 36.2% year on year.
power industry M&A deals in February 2021: Top deals
The top five M&A deals accounted for 70.6% of the overall value during February 2021.
The combined value of the top five power M&A deals stood at $4.28bn, against the overall value of $6.07bn recorded for the month.
The top five power industry M&A deals of February 2021 tracked by GlobalData were:
1) IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners
2) The $760m asset transaction with NRG Energy by ArcLight Capital Partners
3) Drax Group’s $651.25m acquisition of Pinnacle Renewable Energy
4) The $437.21m acquisition of Huadian Ningxia Lingwu Power GenerationLimited by China Huadian
5) A2A’s asset transaction with Octopus Renewables. for $248.44m.
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.