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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.

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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.

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