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  1. Deals Analysis
May 24, 2021

US power industry sees a drop of 3.64% in deal activity in April 2021

By Baghmar P

US power industry saw a drop of 3.64% in overall deal activity during April 2021, when compared with the last 12-month average, led by KKRInc’s $3.37bn private equity deal with Sempra Infrastructure Partners, according to GlobalData’s deals database.

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A total of 53 deals worth $6bn were announced in April 2021, compared with the 12-month average of 55 deals.

M&A was the leading category in the month in terms of volume with 31 deals, which accounted for 58.5% of all deals.

In second place was venture financing with 16 deals, followed by private equity with six transactions, respectively accounting for 30.2% and 11.3% of overall deal activity in the US technology industry during the month.

In terms of value of deals, private equity was the leading deal category in the US power industry with total deals worth $3.52bn, while M&A and venture financing deals totalled $2.07bn and $404.21m respectively.

US power industry deals in April 2021: Top deals

The top five power industry deals accounted for 86.01% of the overall value during April 2021.

The combined value of the top five power deals stood at $5.16bn, against the overall value of $6bn recorded for the month.

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

1) KKRInc’s $3.37bn private equity deal for 20% stake with Sempra Infrastructure Partners

2) The $733m asset transaction with Brookfield Renewable Partners by Nextera Energy Partners

3) Greencoat Capital’s $396m asset transaction with EDP Renovaveis

4) The $380m asset transaction deal with Gray Television and Quincy Media by Allen Media Broadcasting

5) Google and New Enterprise Associates’ venture financing with TAE Technologies for $280m.

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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