Total power industry M&A deals in Q2 2020 worth $1.56bn were announced in the UK, according to GlobalData’s deals database.
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The value marked an increase of 445.5% over the previous quarter and a rise of 34.7% when compared with the last four-quarter average of $1.16bn.
The UK held a 9.9% share of the global power industry M&A deal value that totalled $15.72bn in Q2 2020.
In terms of deal activity, the UK recorded 20 deals during Q2 2020, marking a flat growth over the previous quarter and a drop of 20% over the last four-quarter average.
The UK power industry M&A deals in Q2 2020: Top deals
The top three power industry M&A deals accounted for 79.2% of the overall value during Q2 2020.
The combined value of the top three power M&A deals stood at $1.26bn, against the overall value of $1.56bn recorded for the month.
The top three power industry deals of Q2 2020 tracked by GlobalData were:
1) Diamond Transmission Partners Walney Extension’s $555.6m asset transaction with Orsted, PFA Holding and PKA
2) The $395.46m asset transaction with Vattenfall Wind Power by Greencoat UK Wind
3) Origin Energy’s $311.29m acquisition of Octopus Energy
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.
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.