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  1. Deals Analysis
January 29, 2021

UK power industry sees a drop of 7.9% in deal activity in Q4 2020

The UK power industry saw a drop of 7.9% in overall deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 35 deals worth $5.7bn were announced in Q4 2020, compared to the last four-quarter average of 38 deals.

M&A was the leading category in the quarter with 28 deals which accounted for 80% of all deals.

In second place was private equity with five deals, followed by venture financing with two transactions, respectively accounting for 14.3% and 5.7% 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 $3.58bn, followed by private equity deals totalled $2.12bn.

The UK power industry deals in Q4 2020: Top deals

The top five power deals accounted for 87.5% of the overall value during Q4 2020.

The combined value of the top five power deals stood at $4.99bn, against the overall value of $5.7bn recorded for the quarter.

The top five power industry deals of Q4 2020 tracked by GlobalData were:

1) BlackRock Global Energy & Power Infrastructure Funds, Coyote Bidco, Mubadala Investment and West Street Infrastructure Partners III’s $1.9bn private equity deal with Calisen

2) The $1.3bn asset transaction with SSE by European Diversified Infrastructure Fund III

3) Greencoat UK Wind’s $860.49m asset transaction with RWE

4) The $543.78m asset transaction with SSE and Equinor by Eni

5) InfraRed Capital Partners and The Renewables Infrastructure Group’s asset transaction with Green Investment Group for $384.97m.

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.

 

Related Companies

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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