Power industry M&A deals in July 2020 total $10.24bn in US

3 September 2020 (Last Updated September 3rd, 2020 16:03)
Power industry M&A deals in July 2020 total $10.24bn in US

Total power industry M&A deals in July 2020 worth $10.24bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 1343.4% over the previous month and a rise of 413.1% when compared with the last 12-month average of $2bn.

The US held a 65% share of the global power industry M&A deal value that totalled $15.75bn in July 2020.

In terms of deal activity, the US recorded 22 deals during July 2020, marking an increase of 29.4% over the previous month and a drop of 12% over the 12-month average.

The US power industry M&A deals in July 2020: Top deals

The top five power industry M&A deals accounted for 99% of the overall value during July 2020.

The combined value of the top five power M&A deals stood at $10.13bn, against the overall value of $10.24bn recorded for the month.

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

1) NRG Energy’s $3.63bn acquisition of Direct Energy

2) The $3.2bn acquisition of Vivint Solar by Sunrun

3) Spartan Energy Acquisition’s $2.9bn acquisition of Fisker

4) The $235m asset transaction with Avangrid Renewables by WEC Energy Group

5) EX Holdings’ asset transaction with Exide Technologies for $170m.

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.