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  1. Deals Analysis
February 23, 2021

US power industry sees a rise of 46.94% in deal activity in January 2021

By Baghmar P

US power industry saw a rise of 46.94% in overall deal activity during January 2021, when compared with the last 12-month average, led by GIC’s $2.05bn private equity deal with Duke Energy Indiana, according to GlobalData’s deals database.

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A total of 72 deals worth $6.95bn were announced in January 2021, compared with the 12-month average of 49 deals.

M&A was the leading category in the month in terms of volume with 36 deals, which accounted for 50% of all deals.

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In second place was venture financing with 20 deals, followed by private equity with 16 transactions, respectively accounting for 27.8% and 22.2% 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 $3.83bn, while M&A and venture financing deals totalled $2.29bn and $824.6m respectively.

US power industry deals in January 2021: Top deals

The top five power industry deals accounted for 81.8% of the overall value during January 2021.

The combined value of the top five power deals stood at $5.68bn, against the overall value of $6.95bn recorded for the month.

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

1) GIC’s $2.05bn private equity deal with Duke Energy Indiana

2) The $1.6bn merger of ArcLight Clean Transition and Proterra by

3) I Squared Capital’s $961m private equity deal with Atlantic Power

4) The $590m venture financing deal with Sila Nanotechnologies by 8VC , Bessemer Venture Partners, Canada Pension Plan Investment Board, Coatue Management, Sutter Hill Ventures and T Rowe Price Associates

5) CarVal Investors and Generate Capital’s private equity with Intersect Power for $482m.

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