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  1. Deals Analysis
May 26, 2022

US power industry sees a drop of 18.37% in deal activity in April 2022

By Carmen

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.

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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

5) Energy Transition Ventures and Fenice Investment Group $45m venture financing deal with Ohmium International

Related Companies

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.

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