Europe’s power industry saw a rise of 13.04% in deal activity during May 2022, when compared with the last 12-month average, led by Siemens Energy’s $4.64bn acquisition of 32.9% stake in Siemens Gamesa Renewable Energy, according to GlobalData’s deals database.
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A total of 52 power industry deals worth $7.4bn were announced for the region in May 2022, against the 12-month average of 46 deals.
Of all the deal types, M&A saw most activity in May 2022 with 28 transactions, representing a 53.9% share for the region.
In second place was private equity with 14 deals, followed by venture financing deals with ten transactions, respectively capturing a 26.9% and 19.2% share of the overall deal activity for the month.
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By GlobalDataIn terms of value of deals, M&A was the leading category in Europe’s power industry with $6.86bn, while private equity and venture financing deals totalled $363.98m and $161.15m, respectively.
Europe power industry deals in May 2022: Top deals
The top five power deals accounted for 97.4% of the overall value during May 2022.
The combined value of the top five power deals stood at $7.19bn, against the overall value of $7.4bn recorded for the month.
The top five power industry deals of May 2022 tracked by GlobalData were:
1) Siemens Energy $4.64bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy
2) The $2.18bn acquisition of ContourGlobal by Cretaceous Bidco
3) Antin Infrastructure Partners $157.53m private equity deal with Power Dot
4) The $105.53m private equity of Morrow Batteries by ABB,Agder Energi Venture,Arendals Fossekompani,NOAH,Nysno Klimainvesteringer,PKA and Siemens Financial Services
5) Energy Impact Partners,GIC,Heartcore Capital,Inven Capital SICAV,Pirate Impact Capital and Statkraft Ventures $105.07m venture financing deal with ZOLAR