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UK power industry sees a rise of 78.57% in deal activity in March 2021

29 Apr 2021 (Last Updated April 29th, 2021 18:55)

UK power industry saw a rise of 78.57% in overall deal activity during March 2021, when compared with the last 12-month average, led by National Grid’s $10.85bn acquisition of Western Power Distribution, according to GlobalData’s deals database.

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A total of 25 deals worth $14.34bn were announced in March 2021, compared with the 12-month average of 14 deals.

M&A was the leading category in the month in terms of volume with 20 deals, which accounted for 80% of all deals.

In second place was private equity with three deals, followed by venture financing with two transactions, respectively accounting for 12% and 8% of overall deal activity in the UK technology industry during the month.

In terms of value of deals, M&A was the leading deal category in the UK power industry with total deals worth $11.1bn, while private equity and venture financing deals totalled $3.24bn and $4.49m respectively.

UK power industry deals in March 2021: Top deals

The top five power industry deals accounted for 99.9% of the overall value during March 2021.

The combined value of the top five power deals stood at $14.32bn, against the overall value of $14.34bn recorded for the month.

The top five power industry deals of March 2021 tracked by GlobalData were:

1) National Grid’s $10.85bn acquisition of Western Power Distribution

2) The $3.24bn private equity deal with Aggreko by Albion Acquisitions

3) Downing Renewables & Infrastructure Trust’s $133.03m asset transaction with

4) The $89.52m asset transaction deal with Lightsource BP Renewable Energy Investments by NextEnergy Solar Fund

5) Hill & Smith’s acquisition of Prolectric Services for $17.44m.

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.