US power industry sees a flat growth in deal activity in November 2020

15 December 2020 (Last Updated December 15th, 2020 13:52)

US power industry sees a flat growth in deal activity in November 2020

The US power industry saw a flat growth in overall deal activity during November 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 43 deals worth $1.93bn were announced in November 2020, compared to the 12-month average of 43 deals.

M&A was the leading category in the month in terms of volume with 23 deals which accounted for 53.5% of all deals.

In second place was venture financing with 14 deals, followed by private equity with six transactions, respectively accounting for 32.6% and 13.9% of overall deal activity in the country’s power industry during the month.

In terms of value of deals, M&A was the leading deal category in the US power industry with total deals worth $1.74bn, while private equity deals totalled $191.18m.

US power industry deals in November 2020: Top deals

The top five power industry deals accounted for 92.4% of the overall value during November 2020.

The combined value of the top five power deals stood at $1.79bn, against the overall value of $1.93bn recorded for the month.

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

1) KKR &Inc and Nextera Energy Partners’ $1.3bn asset transaction with NextEra Energy Resources

2) The $216.1m asset transaction with Centaurus Renewable Energy by Boralex

3) Clearway Energy’s $202m asset transaction with NRG Energy

4) The $50m venture financing of Aurora Solar by Energize Ventures, Fifth Wall Ventures Management, ICONIQ Capital and Pear VC

5) Aker Solutions’ acquisition of Principle Power for $19.86m.

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.