Power industry private equity deals in Q3 2020 total $5.56bn globally

10 November 2020 (Last Updated November 10th, 2020 18:25)

Power industry private equity deals in Q3 2020 total $5.56bn globally

Total power industry private equity deals in Q3 2020 worth $5.56bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 965.6% over the previous quarter and a rise of 6.3% when compared with the last four-quarter average, which stood at $5.24bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.51bn. At the country level, the US topped the list in terms of deal value at $3.5bn.

In terms of volumes, Europe emerged as the top region for power industry private equity deals globally, followed by North America and then Asia-Pacific.

The top country in terms of private equity deals activity in Q3 2020 was the US with 11 deals, followed by the UK with six and China with three.

In 2020, as of the end of Q3 2020, power private equity deals worth $14.57bn were announced globally, marking an increase of 17.9% year on year.

Power industry private equity deals in Q3 2020: Top deals

The top five power industry private equity deals accounted for 82.3% of the overall value during Q3 2020.

The combined value of the top five power private equity deals stood at $4.58bn, against the overall value of $5.56bn recorded for the month.

The top five power industry deals of Q3 2020 tracked by GlobalData were:

1) Amazon.com, Baron Capital Group, BlackRock, Coatue Management, Fidelity Management & Research, Soros Fund Management and T Rowe Price Associates’ $2.5bn private equity deal with Rivian Automotive

2) The $1bn private equity deal with TransGrid by OMERS Infrastructure Management

3) KPS Capital Partners’ $550m private equity deal with Briggs & Stratton

4) The $265m private equity deal with US Wind by Apollo Global Management

5) CDH Investments Fund Management and SIP Oriza PE Fund Management’s private equity deal with CSI Solar for $260.85m.

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.