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Power industry M&A deals in Q4 2018 total $1.93bn in United Kingdom

14 Mar 2019 (Last Updated March 15th, 2019 05:19)

Power industry M&A deals in Q4 2018 total $1.93bn in United Kingdom

Total power industry M&A deals in Q4 2018 worth $1.93bn were announced in the United Kingdom, according to GlobalData’s deals database.

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The value marked a decrease of 61.5% over the previous quarter and a drop of 26.2% when compared with the last four-quarter average of $2.61bn.

The United Kingdom held a 3.9% share of the global power industry M&A deal value that totalled $49.44bn in Q4 2018.

In terms of deal activity, the United Kingdom recorded 31 deals during Q4 2018, marking a rise of 14.8% over the previous quarter and a drop of 6.1% over the last four-quarter average.

The United Kingdom power industry M&A deals in Q4 2018: Top deals

The top five power industry M&A deals accounted for 90.4% of the overall value during Q4 2018.

The combined value of the top five power industry M&A deals stood at $1.74bn, against the overall value of $1.93bn recorded for the quarter. The top announced power industry M&A deal tracked by GlobalData in Q4 2018 was Drax Group’s $922.27m asset transaction with Scottish Power Generation Holdings.

In second place was the $420.87m asset transaction with Electricity Supply Board, Green Investment Group, Innogy, Macquarie Infrastructure and Real Assets, Siemens Financial Services and Sumco by Diamond Transmission Partners BBE and in third place was Greencoat UK Wind’s $163.59m asset transaction with Belltown Power.

The $160.06m acquisition of SIMEC Green Highland Renewables by SIMEC Atlantis Energy and Gresham House Energy Storage Fund’s asset transaction with Gresham House and Noriker Power for $73.7m held fourth and fifth positions, respectively.

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.

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.