North America’s power industry saw a drop of 11.8% in deal activity during March 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 45 power industry deals worth $5.41bn were announced for the region in March 2019, against the 12-month average of 51 deals.
Of all the deal types, M&A saw most activity in March 2019 with 23 transactions, representing a 51.1% share for the region.
In second place was venture financing with 17 deals, followed by private equity deals with five transactions, respectively capturing a 37.8% and 11.1% 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 North America’s power industry with $4.02bn, while private equity and venture financing deals totalled $910.32m and $471.54m, respectively.
North America power industry deals in March 2019: Top deals
The top five power deals accounted for 66.5% of the overall value during March 2019.
The combined value of the top five power deals stood at $3.6bn, against the overall value of $5.41bn recorded for the month. The top announced power deal tracked by GlobalData in March 2019 was Enmax’s $1.3bn acquisition of Emera Maine.
In second place was the $1.02bn asset transaction with NextEra Energy Resources by Nextera Energy Partners and in third place was Noverco’s $896.15m acquisition of Valener.
The $256m asset transaction with Enel Green Power North America Renewable Energy Partners by Enel Green Power North America and National Grid’s asset transaction with Geronimo Energy for $125m 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.