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  1. Deals Analysis
April 23, 2020

UK power industry sees a drop of 30% in deal activity in Q1 2020

The UK power industry saw a drop of 30% in overall deal activity during Q1 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 28 deals worth $5.99bn were announced in Q1 2020, compared to the last four-quarter average of 40 deals.

M&A was the leading category in the quarter with 20 deals which accounted for 71.4% of all deals.

In second place was venture financing with five deals, followed by private equity with three transactions, respectively accounting for 17.9% and 10.7% of overall deal activity in the country’s power industry during the quarter.

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In terms of value of deals, M&A was the leading deal category in the UK power industry with total deals worth $5.75bn, while private equity and venture financing deals totalled $214.97m and $22.88m, respectively.

The UK power industry deals in Q1 2020: Top deals

The top five power deals accounted for 99.6% of the overall value during Q1 2020.

The combined value of the top five power deals stood at $5.96bn, against the overall value of $5.99bn recorded for the month.

The top five power industry deals of Q1 2020 tracked by GlobalData were:

1) KKR &Inc’s $5.1bn private equity deal with Viridor Waste Management

2) The $646.63m private equity deal with Energy Assets Group by Asterion Industrial Partners SGEIC, EDF Invest and Swiss Life Holding

3) Octopus Renewables Infrastructure Trust’s $172.9m asset transaction with Octopus Investments

4) The $23.83m asset transaction with Catalin Breaban, Georg von Opel and Tanzanite by Tenaga Wind Ventures

5) Bluefield Solar Income Fund’s asset transaction with for $18.24m.

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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