Total power industry deals worth $9.5bn 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 26.4% over the previous month of $7.54bn and a drop of 40.9% when compared with the last 12-month average of $16.13bn.
In terms of number of deals, the sector saw a rise of 1.82% with 168 deals in August 2022 when compared to the last 12-month average of 165 deals.
In value terms, Asia-Pacific led the activity with deals worth $4.82bn in August 2022.
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By GlobalDataPower industry deals in August 2022: Top deals
The top five deals accounted for 53.2% of the overall value during August 2022.
The combined value of the top five deals stood at $5.07bn, against the overall value of $9.5bn recorded for the month.
The top five power industry 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 $1.17bn venture financing of Sunwoda Electric Vehicle Battery by Broad Vision Funds, National Green Development Fund, Shenzhen Capital Group and Source Code Capital
3) RH International (Singapore) Corp’s $1bn acquisition deal with Nexif Energy Holdings and NXF Holdings 2
4) The $880.63m acquisition of DB Power by Adani Power
5) Infratil, MEAG Munich Ergo AssetManagement and New Zealand Superannuation Fund’s $500m private equity deal with Longroad Energy Holdings