Total power industry cross border deals worth $3.9bn were announced globally for March 2022, with the $1.28bn private equity deal for 47% stake in Reden Solar being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 68.4% over the previous month of $2.31bn and a drop of 45.8% when compared with the last 12-month average of $7.17bn.
In terms of number of cross border deals, the sector saw a drop of 15.22% with 39 deals in March 2022 when compared to the last 12-month average of 46 deals.
In value terms, Europe led the activity with cross border deals worth $2.88bn in March 2022.
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By GlobalDatapower industry cross border deals in March 2022: Top deals
The top five cross border deals accounted for 83.7% of the overall value during March 2022.
The combined value of the top five cross border deals stood at $3.26bn, against the overall value of $3.9bn recorded for the month.
The top five power industry cross border deals of March 2022 tracked by GlobalData were:
1) British Columbia Investment Management,Macquarie Asset Management Holding and MEAG Munich Ergo AssetManagement $1.28bn private equity deal for 47% stake in Reden Solar
2) The $1.14bn private equity of 50% stake in Fortum Oslo Varme by Hafslund Eco,HitecVision and Infranode
3) Green Era $440m acquisition deal for 33.33% stake in Star Energy Group Holdings Pte.
4) The $240.38m private equity of Entropy by Brookfield Global Transition Fund I
5) Apollo Global Management,Fisker,Hedosophia,Landis+Gyr Group and Meridiam Infrastructure Finance SAr.l $150m venture financing deal with Allego