UK power industry sees a rise of 27.03% in deal activity in Q4 2019

21 February 2020 (Last Updated February 25th, 2020 07:51)

UK power industry sees a rise of 27.03% in deal activity in Q4 2019

The UK power industry saw a rise of 27.03% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 47 deals worth $2.77bn were announced in Q4 2019, compared to the last four-quarter average of 37 deals.

M&A was the leading category in the quarter with 35 deals which accounted for 74.5% of all deals.

In second place was private equity with eight deals, followed by venture financing with four transactions, respectively accounting for 17.02% and 8.5% 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 $2.75bn, while private equity and venture financing deals totalled $11.48m and $8.3m, respectively.

The UK power industry deals in Q4 2019: Top deals

The top five power deals accounted for 81% of the overall value during Q4 2019.

The combined value of the top five power deals stood at $2.24bn, against the overall value of $2.77bn recorded for the month.

The top five power industry deals of Q4 2019 tracked by GlobalData were:

1) Culligan International’s $1.1bn acquisition of AquaVenture Holdings

2) The $577.21m asset transaction with Race Bank Wind Farm by Diamond Transmission Partners BBE

3) Siemens Gamesa Renewable Energy’s $223.28m asset transaction with Senvion

4) The $206.05m asset transaction with Copenhagen Infrastructure Partners KS by Greencoat Capital

5) RWE Generation UK Holdings’ asset transaction with Centrica for $136.43m.

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.