Total power industry cross border deals worth $5.1bn were announced globally for August 2022, with EastBridge Partners, Korea Investment Partners and Stella Investments’s $1.52bn private equity deal with SK Innovation being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 58.4% over the previous month of $3.22bn and a drop of 35.4% when compared with the last 12-month average of $7.89bn.
In terms of number of cross border deals, the sector saw a drop of 11.86% with 52 deals in August 2022 when compared to the last 12-month average of 59 deals.
In value terms, Asia-Pacific led the activity with cross border deals worth $2.24bn in August 2022.
Power industry cross border deals in August 2022: Top deals
The top five cross border deals accounted for 78.2% of the overall value during August 2022.
The combined value of the top five cross border deals stood at $3.99bn, against the overall value of $5.1bn recorded for the month.
The top five power industry cross border deals of August 2022 tracked by GlobalData were:
1) EastBridge Partners, Korea Investment Partners and Stella Investments’s $1.52bn private equity deal with SK Innovation
2) The $1bn acquisition of Nexif Energy Holdings and NXF Holdings 2 by RH International (Singapore) Corp
3) Infratil, MEAG Munich Ergo AssetManagement and New Zealand Superannuation Fund’s $500m private equity deal with Longroad Energy Holdings
4) The $490m acquisition of 50% stake in Kalyon Enerji Yatirimlari by International Holding
5) Keppel Asia Infrastructure Fund, Keppel Infrastructure Holdings and Keppel Infrastructure Trust’s $482.1m private equity deal with Ltd. and Eco-Management Korea Co.
