Europe’s power industry saw a rise of 4.00% in cross border deal activity during July 2022, when compared with the last 12-month average, led by Orsted’s $702.93m acquisition of Ostwind Engineering, Ostwind Erneuerbare Energien, Ostwind International and Ostwindpark Rotmainquelle GmbHKG, according to GlobalData’s deals database.
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A total of 26 power industry cross border deals worth $1.1bn were announced for the region in July 2022, against the 12-month average of 25 deals.
Of all the deal types, M&A saw most activity in July 2022 with 14 transactions, representing a 53.9% share for the region.
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By GlobalDataIn second place was venture financing with seven deals, followed by private equity deals with five transactions, respectively capturing a 26.9% and 19.2% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Europe’s power industry with $702.93m, while private equity and venture financing deals totalled $318.44m and $62.7m, respectively.
Europe power industry cross border deals in July 2022: Top deals
The top five power cross border deals accounted for 96.5% of the overall value during July 2022.
The combined value of the top five power cross border deals stood at $1.05bn, against the overall value of $1.1bn recorded for the month.
The top five power industry cross border deals of July 2022 tracked by GlobalData were:
1) Orsted $702.93m acquisition deal with Ostwind Engineering,Ostwind Erneuerbare Energien,Ostwind International and Ostwindpark Rotmainquelle GmbHKG
2) The $225m private equity of Octopus Energy Group by Canada Pension Plan Investment Board
3) Pantheon Infrastructure $48.01m private equity deal with Fudura
4) The $45.43m private equity of Greener Power Solutions by DIF Infrastructure III
5) Cummins $24.37m venture financing deal with VoltStorage