The US power industry saw a rise of 62.2% in overall deal activity during December 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 73 deals worth $6.8bn were announced in December 2020, compared to the 12-month average of 45 deals.
M&A was the leading category in the month in terms of volume with 43 deals which accounted for 58.9% of all deals.
In second place was venture financing with 24 deals, followed by private equity with six transactions, respectively accounting for 32.9% and 8.2% of overall deal activity in the country’s power industry during the month.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in the US power industry with total deals worth $5.3bn, while private equity and venture financing deals totalled $1.35bn and $152.88m, respectively.
US power industry deals in December 2020: Top deals
The top five power industry deals accounted for 76.4% of the overall value during December 2020.
The combined value of the top five power deals stood at $5.2bn, against the overall value of $6.8bn recorded for the month.
The top five power industry deals of December 2020 tracked by GlobalData were:
1) The $1.35bn merger of Star Peak Energy Transition and Stem
2) The $1.2bn asset transaction with Terra-Gen by Ameren Missouri
3) Caisse de depot et placement du Quebec’s $1bn private equity deal with Invenergy Renewables
4) The $837m asset transaction with Western Generation Partners by ContourGlobal
5) Brookfield Renewable Energy Partners’ asset transaction with Exelon Generation Co for $810m.
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.