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  1. Deals Analysis
May 4, 2021

Power industry M&A deals total $6.38bn in Asia-Pacific in Q1 2021

By Baghmar P

Total power industry M&A deals worth $6.38bn were announced in Asia-Pacific in Q1 2021, led by Total’s $1.98bn acquisition of Adani Green Energy, according to GlobalData’s deals database.

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The value marked a decrease of 11.6% over the previous quarter and a rise of 12.3% when compared with the last four-quarter average of $5.68bn.

Asia-Pacific held a 16.93% share of the global power industry M&A deal value that totalled $37.68bn in Q1 2021. With a 9.00% share and deals worth $3.39bn, India was the top country in Asia-Pacific’s M&A deal value across power industry.

In terms of deal activity, Asia-Pacific recorded 93 deals during Q1 2021, marking a decrease of 15.45% over the previous quarter and a rise of 6.59% over the last four-quarter average. China recorded 25 deals during the quarter.

Asia-Pacific power industry M&A deals in Q1 2021: Top deals

The top five power industry M&A deals accounted for 63.8% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $4.07bn, against the overall value of $6.38bn recorded for the quarter.

The top five power industry deals of Q1 2021 tracked by GlobalData were:

1) Total’s $1.98bn acquisition of Adani Green Energy

2) The $635.01m acquisition of NER-II Transmission by India Grid Trust

3) SUEZ (Asia)’s $537.94m acquisition of SUEZ NWS

4) The $463.38m asset transaction with Essel by Adani Transmission

5) PMR Group Retirement Plan’s asset transaction with AC Energy for $453m.

Related Companies

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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