Asia-Pacific’s power industry saw a rise of 2.86% in deal activity during March 2022, when compared with the last 12-month average, led by Green Era’s $440m acquisition of of 33.3% stake in Star Energy Group Holdings Pte., according to GlobalData’s deals database.
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A total of 36 power industry deals worth $1bn were announced for the region in March 2022, against the 12-month average of 35 deals.
Of all the deal types, M&A saw most activity in March 2022 with 17 transactions, representing a 47.2% share for the region.
In second place was venture financing with 16 deals, followed by private equity deals with three transactions, respectively capturing a 44.4% and 8.3% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s power industry with $638.36m, while venture financing and private equity deals totalled $186.61m and $185.59m, respectively.
Asia-Pacific power industry deals in March 2022: Top deals
The top five power deals accounted for 88.4% of the overall value during March 2022.
The combined value of the top five power deals stood at $893.01m, against the overall value of $1bn recorded for the month.
The top five power industry deals of March 2022 tracked by GlobalData were:
1) Green Era $440m acquisition of 33.3% stake in Star Energy Group Holdings Pte.
2) The $153.09m venture financing of Sun Cable by Grok Ventures and Squadron Energy
3) Yingke PE $141.32m private equity deal with Wanxiang A123 System Asia
4) The $115m acquisition of 50% stake in Cleantech Energy Corp by Cloud Alpha,Keppel and Keppel Asia Infrastructure Fund
5) Leader Energy $43.6m acquisition of 49% stake in Clean Energy Vision Development Joint Stock
