US power industry saw a drop of 18.37% in overall deal activity during April 2022, when compared with the last 12-month average, led by Sensata Technologies Holding’s $580m acquisition of Dynapower Co, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 40 deals worth $1.4bn were announced in April 2022, compared with the 12-month average of 49 deals.
venture financing was the leading category in the month in terms of volume with 22 deals, which accounted for 55% of all deals.
In second place was M&A with 14 deals, followed by private equity with four transactions, respectively accounting for 35% and 10% of overall deal activity in the US technology 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 $939.5m, followed by venture financing deals totalled $504.06m.
US power industry deals in April 2022: Top deals
The top five power industry deals accounted for 76.9% of the overall value during April 2022.
The combined value of the top five power deals stood at $1.11bn, against the overall value of $1.4bn recorded for the month.
The top five power industry deals of April 2022 tracked by GlobalData were:
1) Sensata Technologies Holding $580m acquisition deal with Dynapower Co
2) The $215m acquisition of NextGen Power Holdings by Archaea Infrastructure
3) Advanced Energy Industries $144.5m acquisition deal with SL Power Electronics
4) The $125m venture financing of FreeWire Technologies by BlackRock Financial Management,Blue Bear Capital,BP Ventures,Daishin Private Equity,GLy Capital Management,Octave Ventures and Riverstone Holdings