UK power industry sees a drop of 8.1% in deal activity in Q2 2019

16 July 2019 (Last Updated August 26th, 2019 09:13)

UK power industry sees a drop of 8.1% in deal activity in Q2 2019

The UK power industry saw a drop of 8.1% in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 34 deals worth $899.96m were announced in Q2 2019, compared to the last four-quarter average of 37 deals.

M&A was the leading category in the quarter with 20 deals which accounted for 58.8% of all deals.

In second place was private equity with seven deals, followed by venture financing with seven transactions, respectively accounting for 20.6% and 20.6% of overall deal activity in the country’s power industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the UK power industry with total deals worth $601.45m, while private equity and venture financing deals totalled $271m and $27.5m, respectively.

The UK power industry deals in Q2 2019: Top deals

The top five power deals accounted for 90.3% of the overall value during Q2 2019.

The combined value of the top five power industry deals stood at $813.06m, against the overall value of $899.96m recorded for the quarter. The top announced UK power industry deal tracked by GlobalData in Q2 2019 was Qatar Investment Authority’s $253.71m private equity deal with Severn Trent.

In second place was the $211m asset transaction with The AES by Energeticky a Prumyslovy Holding, Mitsui & and Nebras Power and in third place was Varta’s $201.22m asset transaction with Energizer.

The $81.8m acquisition of Avista Technologies and Avista Technologies (UK) by Kurita Water Industries and Pensions Infrastructure Platform’s asset transaction with Scottish Equity Partners for $65.33m held fourth and fifth positions, respectively.

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.