Total power industry cross border deals worth $14.05bn were announced globally for December 2020, with the $2.68bn asset transaction with Orsted being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 51.1% over the previous month of $9.3bn and a rise of 229.8% when compared with the last 12-month average of $4.26bn.
In terms of number of cross border deals, the sector saw a rise of 34.62% with 70 deals in December 2020 when compared to the last 12-month average of 52 deals.
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By GlobalDataIn value terms, Europe led the activity with cross border deals worth $7.3bn in December 2020.
Power industry cross border deals in December 2020: Top deals
The top five cross border deals accounted for 59.6% of the overall value during December 2020.
The combined value of the top five cross border deals stood at $8.38bn, against the overall value of $14.05bn recorded for the month.
The top five power industry cross border deals of December 2020 tracked by GlobalData were:
1) Caisse de depot et placement du Quebec and Cathay Securities Investment Trust’s $2.68bn asset transaction with Orsted
2) The $1.9bn private equity deal with Calisen by BlackRock Global Energy & Power Infrastructure Funds, Coyote Bidco, Mubadala Investment and West Street Infrastructure Partners III
3) Cubico Sustainable Investments’ $1.82bn acquisition of Grupo T-Solar Global
4) The $1bn private equity deal of Invenergy Renewables by Caisse de depot et placement du Quebec
5) TPG Pace Beneficial Finance’s acquisition deal with EVBox for $969m.