Europe’s power industry saw a rise of 1.96% in deal activity during July 2022, when compared with the last 12-month average, led by Ardian’s $1.42bn acquisition of GreenYellow, according to GlobalData’s deals database.

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A total of 52 power industry deals worth $2.9bn were announced for the region in July 2022, against the 12-month average of 51 deals.

Of all the deal types, M&A saw most activity in July 2022 with 28 transactions, representing a 53.9% share for the region.

In second place was private equity with 12 deals, followed by venture financing deals with 12 transactions, respectively capturing a 23.1% and 23.1% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in Europe’s power industry with $1.76bn, while M&A and venture financing deals totalled $990.02m and $109.9m, respectively.

Europe power industry deals in July 2022: Top deals

The top five power deals accounted for 91.5% of the overall value during July 2022.

The combined value of the top five power deals stood at $2.61bn, against the overall value of $2.9bn recorded for the month.

The top five power industry deals of July 2022 tracked by GlobalData were:

1) Ardian’s $1.42bn private equity deal with GreenYellow

2) The $702.93m acquisition of Ostwind Engineering,Ostwind Erneuerbare Energien,Ostwind International and Ostwindpark Rotmainquelle GmbHKG by Orsted

3) Canada Pension Plan Investment Board’s $225m private equity deal with Octopus Energy Group

4) The $142.97m acquisition of Titan 2020 by Galp Energia

5) SDCL Energy Efficiency Income Trust’s $119.36m acquisition deal with United Utilities Renewable Energy