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  1. Deals Analysis
September 30, 2021

US power industry sees a rise of 7.32% in deal activity in August 2021

By Baghmar P

US power industry saw a rise of 7.32% in overall deal activity during August 2021, when compared with the last 12-month average, led by Exelon Generation Co’s $885m acquisition of 50% stake inConstellation Energy Nuclear Group, according to GlobalData’s deals database.

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A total of 44 deals worth $3.5bn were announced in August 2021, compared with the 12-month average of 41 deals.

venture financing was the leading category in the month in terms of volume with 22 deals, which accounted for 50% of all deals.

In second place was M&A with 14 deals, followed by private equity with eight transactions, respectively accounting for 31.8% and 18.2% 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 $1.32bn, while M&A and venture financing deals totalled $1.31bn and $857.56m, respectively.

US power industry deals in August 2021: Top deals

The top five power industry deals accounted for 71.3% of the overall value during August 2021.

The combined value of the top five power deals stood at $2.49bn, against the overall value of $3.5bn recorded for the month.

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

1) Exelon Generation Co $885m acquisition deal for 50% stake in Constellation Energy Nuclear Group

2) The $500m private equity of Array Technologies by Blackstone Energy Partners

3) Qatar Investment Authority $446m private equity deal for 4.7% stake in QuantumScape

4) The $415m acquisition of GT Advanced Technologies by ON Semiconductor

5) Arcelor Mittal Zenica,Breakthrough Energy Ventures,Capricorn Investment Group,Coatue Management,Energy Impact Partners,Eni Next,Macquarie Capital Group,Massachusetts Institute of Technology,NGP Energy Technology Partners III,Perry Creek Capital,Prelude Ventures,Temasek Holdings (Private),TPG Capital and Vamos Ventures $240m venture financing deal with Form Energy

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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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