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  1. Deals Analysis
July 23, 2022

Power industry venture financing deals total $534.5m in Asia-Pacific in June 2022

By Carmen

Total power industry venture financing deals worth $534.5m were announced in Asia-Pacific in June 2022, led by $195.13m venture financing of Lodestone Energy , according to GlobalData’s deals database.

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The value marked an increase of 7.8% over the previous month of $495.78m and a drop of 23.3% when compared with the last 12-month average of $697.21m.

Asia-Pacific held a 27.84% share of the global power industry venture financing deal value that totalled $1.92bn in June 2022. With a 10.16% share and deals worth $195.13m, New Zealand was the top country in Asia-Pacific’s venture financing deal value across power industry.

In terms of venture financing deal activity, Asia-Pacific recorded 25 deals during June 2022, marking an increase of 8.70% over the previous month and a rise of 78.57% over the 12-month average. China recorded 15 deals during the month.

Asia-Pacific power industry venture financing deals in June 2022: Top deals

The top five power industry venture financing deals accounted for 91.4% of the overall value during June 2022.

The combined value of the top five power venture financing deals stood at $488.63m, against the overall value of $534.5m recorded for the month.

The top five power industry venture financing deals of June 2022 tracked by GlobalData were:

1) Fady Mishriki,Guy Haddleton,Jarden,Rod Drury,Sam Morgan and Stephen Tindall $195.13m venture financing deal with Lodestone Energy

2) The $152.7m venture financing of Envision Digital International by GIC Special Investments and Sequoia China Investment Management

3) Legend Capital $104.18m venture financing deal with Talent New Energy

4) The $21.64m venture financing of 5B Australia by Artesian Venture Partners and The AES

5) BlueRun Ventures,Fosun Group and K2VC $14.98m venture financing deal with iBattery Cloud

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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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