Led by $6.14bn acquisition of ContourGlobal, Europe’s power industry saw a rise of 17.39% in cross border deal activity during Q2 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 81 cross border deals worth $17.4bn were announced for the region during Q2 2022, against the last four-quarter average of 69 deals.
Of all the deal types, M&A saw most activity in Q2 2022 with 36 deals, representing a 44.4% share for the region.
In second place was private equity with 27 deals, followed by venture financing deals with 18 transactions, respectively capturing a 33.3% and 22.2% share of the overall cross border deal activity for the quarter.
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By GlobalDataIn terms of value of cross border deals, M&A was the leading category in Europe’s power industry with $11.12bn, while private equity and venture financing deals totalled $5.24bn and $1.07bn, respectively.
Europe power industry cross border deals in Q2 2022: Top deals
The top five power cross border deals accounted for an 83.2% share of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $14.5bn, against the overall value of $17.4bn recorded for the quarter.
1) Cretaceous Bidco $6.14bn acquisition deal with ContourGlobal
2) The $4.26bn acquisition of 32.9% stake in Siemens Gamesa Renewable Energy by Siemens Energy
3) KKRInc $2.48bn private equity deal with Albioma
4) The $969.18m private equity of 25% stake in Repsol Renovables SLU by Credit Agricole Assurances and Energy Infrastructure Partners
5) European Investment Bank $652.6m private equity deal with Enel