Total power industry M&A deals worth $8.7bn were announced globally 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 61.7% over the previous month of $22.82bn and a drop of 37.1% when compared with the last 12-month average, which stood at $13.88bn.
Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $3.96bn. At the country level, the US topped the list in terms of deal value at $2.07bn.
In terms of volumes, North America emerged as the top region for power industry M&A deals globally, followed by Europe and then Asia-Pacific.
The top country in terms of M&A deals activity in April 2021 was the US with 31 deals, followed by the Canada with eight and China with eight.
In 2021, as of April, power M&A deals worth $47.72bn were announced globally, marking an increase of 53.6% year on year.
power industry M&A deals in April 2021: Top deals
The top five M&A deals accounted for 64.9% of the overall value during April 2021.
The combined value of the top five power M&A deals stood at $5.67bn, against the overall value of $8.7bn 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) $1.63bn asset transaction deal with Orsted
2) The $1.36bn asset transaction of Cedae (Statefor Water and Sewage of Rio de Janeiro) by Igua Saneamento
3) Northland Power $1.26bn asset transaction deal with Helia Renovables Fcr
4) The $733m asset transaction of Brookfield Renewable Partners by Nextera Energy Partners
5) Orsted $683.62m acquisition deal with Brookfield Renewable Ireland