Europe’s power industry saw a rise of 28.57% in cross border deal activity during January 2021, when compared with the last 12-month average, led by Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power, according to GlobalData’s deals database.
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A total of 36 power industry cross border deals worth $1.15bn were announced for the region in January 2021, against the 12-month average of 28 deals.
Of all the deal types, M&A saw most activity in January 2021 with 32 transactions, representing an 88.9% share for the region.
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By GlobalDataIn second place was private equity with three deals, followed by venture financing deals with one transactions, respectively capturing an 8.3% and 2.8% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Europe’s power industry with $1.14bn, while private equity and venture financing deals totalled $9.2m and $2m, respectively.
Europe power industry cross border deals in January 2021: Top deals
The top five power cross border deals accounted for 100% of the overall value during January 2021.
The combined value of the top five power cross border deals stood at $1.15bn, against the overall value of $1.15bn recorded for the month.
The top five power industry cross border deals of January 2021 tracked by GlobalData were:
1) Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power
2) The $301.68m asset transaction deal with OX2 by Renewable Power Capital
3) Foresight Solar Fund’s $18.3m asset transaction for acquisition of Solar Assets in Andalusia, Spain
4) The $9.2m private equity deal with Cuculus by Paris Fonds Vert
5) Elektromreza Srbije’s acquisition of Crnogorski elektroprenosni sistem for $8.52m.