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  1. Deals Analysis
November 30, 2021

Power industry M&A deals total $9.3bn globally in October 2021

By Baghmar P

Total power industry M&A deals worth $9.3bn were announced globally in October 2021, led by Liberty Utilities’ $2.85bn acquisition of AEP Transmission Co and Kentucky Power, according to GlobalData’s deals database.

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The value marked a decrease of 47.8% over the previous month of $17.81bn and a drop of 8.1% when compared with the last 12-month average, which stood at $10.11bn.

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 $3.7bn. At the country level, the US topped the list in terms of deal value at $3.7bn.

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 October 2021 was the US with 15 deals, followed by the India with four and Spain with three.

In 2021, as of October, power M&A deals worth $102.37bn were announced globally, marking an increase of 66.3% year on year.

power industry M&A deals in October 2021: Top deals

The top five M&A deals accounted for 78.8% of the overall value during October 2021.

The combined value of the top five power M&A deals stood at $7.32bn, against the overall value of $9.3bn recorded for the month.

The top five power industry M&A deals of October 2021 tracked by GlobalData were:

1) Liberty Utilities $2.85bn acquisition deal with AEP Transmission Co and Kentucky Power

2) The $1.8bn acquisition of Japan Renewable Energy by ENEOS Holdings

3) Equatorial Energia $1.18bn acquisition deal with Echoenergia Participacoes

4) The $771m acquisition of REC Solar Holdings by Reliance Industries

5) Vortex Energy Group $727.5m acquisition deal with Ignis Energy Holdings

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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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