South and Central America’s power industry saw a rise of 5% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 21 deals worth $2.64bn were announced for the region during Q3 2020, against the last four-quarter average of 20 deals.
Of all the deal types, M&A saw most activity in Q3 2020 with 20, representing a 95.2% share for the region.
In second place was venture financing with one deal capturing a 4.8% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in South and Central America’s power industry with $2.64bn, while venture financing and deals totalled $4m and , respectively.
South and Central America power industry deals in Q3 2020: Top deals
The top five power deals accounted for 80.7% of the overall value during Q3 2020.
The combined value of the top five power deals stood at $2.13bn, against the overall value of $2.64bn recorded for the quarter.
The top five power industry deals of Q3 2020 tracked by GlobalData were:
1) The Rise Fund’s $700m asset transaction with Trina Solar
2) The $573.21m asset transaction with Solatio Energia by Brookfield Renewable Partners
3) Enel’s $324m acquisition of Enel Americas
4) The $290.85m asset transaction with Centrais Eletricas Brasileiras by Omega Geracao
5) The AES’s acquisition of AES Tiete Energia for $246m.
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.
Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.