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  1. Deals Analysis
July 27, 2021

US power industry sees a drop of 25.64% in deal activity in June 2021

By Baghmar P

US power industry saw a drop of 25.64% in overall deal activity during June 2021, when compared with the last 12-month average, led by Prolec GE International S de RL de CV’s $645m acquisition of SPX Transformer Solutions, according to GlobalData’s deals database.

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A total of 29 deals worth $1.3bn were announced in June 2021, compared with the 12-month average of 39 deals.

M&A was the leading category in the month in terms of volume with 12 deals, which accounted for 41.4% of all deals.

In second place was venture financing with ten deals, followed by private equity with seven transactions, respectively accounting for 34.5% and 24.1% 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 $1.08bn, while venture financing and private equity deals totalled $122.28m and $99m, respectively.

US power industry deals in June 2021: Top deals

The top five power industry deals accounted for 89.2% of the overall value during June 2021.

The combined value of the top five power deals stood at $1.16bn, against the overall value of $1.3bn recorded for the month.

The top five power industry deals of June 2021 tracked by GlobalData were:

1) Prolec GE International S de RL de CV’s $645m acquisition of SPX Transformer Solutions

2) The $389.7m acquisition of 90% stake in Clenera by Enlight Renewable Energy

3) VH Global Sustainable Energy Opportunities’ $63m private equity deal with Energea Global

4) The $35m private equity deal with Caban Systems by Ember Infrastructure Management

5) Breakthrough Energy Ventures, First Solar and Hunt Energy Enterprises’ venture financing with CubicPV for $25m.

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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