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  1. Deals Analysis
May 6, 2021

Power industry private equity deals total $5.42bn in North America in Q1 2021

By Baghmar P

Total power industry private equity deals worth $5.42bn were announced in North America in Q1 2021, with GIC’s $2.05bn deal with Duke Energy Indiana being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 165.7% over the previous quarter and a rise of 188.3% when compared with the last four-quarter average of $1.88bn.

North America held a 36.01% share of the global power industry private equity deal value that totalled $15.05bn in Q1 2021. With a 33.49% share and deals worth $5.04bn, the US was the top country in North America’s private equity deal value across power industry.

In terms of deal activity, North America recorded 30 deals during Q1 2021, marking an increase of 25.00% over the previous quarter and a rise of 106.90% over the last four-quarter average. The US recorded 28 deals during the month.

North America power industry private equity deals in Q1 2021: Top deals

The top five power industry private equity deals accounted for 89.2% of the overall value during Q1 2021.

The combined value of the top five private equity deals stood at $4.83bn, against the overall value of $5.42bn recorded for the quarter.

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

1) GIC’s $2.05bn private equity deal with Duke Energy Indiana

2) The $963m private equity deal with Aegion by New Mountain Capital

3) I Squared Capital’s $961m private equity deal with Atlantic Power

4) The $482m private equity deal with Intersect Power by CarVal Investors and Generate Capital

5) The Carlyle Group’s private equity deal with AMP Solar Group for $374m.

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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