Total power industry venture financing deals in Q3 2019 worth $939.63m were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 46.8% over the previous quarter and a rise of 5.5% when compared with the last four-quarter average, which stood at $891.02m.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $378.38m. At the country level, the US topped the list in terms of deal value at $209.9m.
In terms of volume, North America emerged as the top region for power industry venture financing deals globally, followed by Europe and then Asia-Pacific.
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By GlobalDataThe top country in terms of venture financing deals activity in Q3 2019 was the US with 39 deals, followed by Australia with six and Canada with five.
In 2019, as of the end of Q3 2019, power venture financing deals worth $3.76bn were announced globally, marking an increase of 262.9% year on year.
Power industry venture financing deals in Q3 2019: Top deals
The top five power industry venture financing deals accounted for 31.4% of the overall value during Q3 2019.
The combined value of the top five power venture financing deals stood at $294.77m, against the overall value of $939.63m recorded for the month.
The top five power industry deals of Q3 2019 tracked by GlobalData were:
1) SoftBank Vision Fund’s $110m venture financing of Energy Vault
2) The $51.87m venture financing of Leap Motor by Jinhua Zhongche Fund
3) Bamboo Capital Partners, DOEN Participaties, Engie Rassembleurs dâEnergies, MacKinnon, Bennett &Inc. and Mitsubishi’s $50m venture financing of BBOXX
4) The $42.9m venture financing of Oxford Photovoltaics by Meyer Burger Technology
5) Isadoro Quiroga and T.J. Rodgers’ venture financing of Solaria for $40m.
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.