Europe’s power industry saw a rise of 4.35% in deal activity during March 2022, when compared with the last 12-month average, led by British Columbia Investment Management, Macquarie Asset Management Holding and MEAG Munich Ergo AssetManagement’s $1.28bn private equity deal for 47% stake in Reden Solar, according to GlobalData’s deals database.
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A total of 48 power industry deals worth $2.9bn were announced for the region in March 2022, against the 12-month average of 46 deals.
Of all the deal types, M&A saw most activity in March 2022 with 24 transactions, representing a 50% share for the region.
In second place was venture financing with 14 deals, followed by private equity deals with ten transactions, respectively capturing a 29.2% and 20.8% share of the overall deal activity for the month.
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By GlobalDataIn terms of value of deals, private equity was the leading category in Europe’s power industry with $2.46bn, while venture financing and M&A deals totalled $367.61m and $93.16m, respectively.
Europe power industry deals in March 2022: Top deals
The top five power deals accounted for 95% of the overall value during March 2022.
The combined value of the top five power deals stood at $2.77bn, against the overall value of $2.9bn recorded for the month.
The top five power industry deals of March 2022 tracked by GlobalData were:
1) British Columbia Investment Management,Macquarie Asset Management Holding and MEAG Munich Ergo AssetManagement $1.28bn private equity deal for 47% stake in Reden Solar
2) The $1.14bn private equity of 50% stake in Fortum Oslo Varme by Hafslund Eco,HitecVision and Infranode
3) Apollo Global Management,Fisker,Hedosophia,Landis+Gyr Group and Meridiam Infrastructure Finance SAr.l $150m venture financing deal with Allego
4) The $100m venture financing of Tibber by Balderton Capital (UK),Eight Roads Ventures,Schibsted Ventures and Summa Equity
5) Blue Earth Capital and Copenhagen Infrastructure I KS $94.43m venture financing deal with Sunfire