North America’s power industry saw a rise of 1.4% in overall deal activity during Q4 2018, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 143 deals worth $23.7bn were announced for the region during Q4 2018, against the four-quarter average of 141 deals.
Of all the deal types, M&A saw most activity in Q4 2018 with 94, representing a 65.7% share for the region.
In second place was venture financing with 37 deals, followed by private equity deals with 12 transactions, respectively capturing a 25.9% and 8.4% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in North America’s power industry with $22.96bn, while venture financing and private equity deals totalled $404.39m and $336.96m, respectively.
North America power industry deals in Q4 2018: Top deals
The top five power deals accounted for 77.3% of the overall value during Q4 2018.
The combined value of the top five power deals stood at $18.32bn, against the overall value of $23.7bn recorded for the quarter. The top announced power deal tracked by GlobalData in Q4 2018 was Brookfield Business Partners and Caisse de depot et placement du Quebec’s $13.2bn asset transaction with Johnson Controls International.
In second place was the $2.22bn acquisition of InfraREIT by Oncor Electric Delivery and in third place was Axium Infrastructure’s $1.04bn asset transaction with AltaGas.
The $1bn acquisition of Trans Bay Cable by NextEra Energy Transmission and Axium Infrastructure’s asset transaction with EDP Renovaveis for $860m held fourth and fifth positions, respectively.
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.