The US power industry saw a drop of 34% in overall deal activity during November 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 33 deals worth $7.59bn were announced in November 2019, compared to the 12-month average of 50 deals.
M&A was the leading category in the month in terms of volume with 20 deals which accounted for 60.6% of all deals.
In second place was venture financing with nine deals, followed by private equity with four transactions, respectively accounting for 27.3% and 12.1% of overall deal activity in the country’s power industry during the month.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in the US power industry with total deals worth $6.12bn, while private equity and venture financing deals totalled $1.44bn and $37.83m, respectively.
US power industry deals in November 2019: Top deals
The top five power industry deals accounted for 98.9% of the overall value during November 2019.
The combined value of the top five power deals stood at $7.51bn, against the overall value of $7.59bn recorded for the month.
The top five power industry deals of November 2019 tracked by GlobalData were:
1) Canada Pension Plan Investment Board’s $6.1bn private equity deal with Pattern Energy Group
2) The $750m acquisition of APR Energy by Seaspan
3) Liberty Utilities’ $608m asset transaction with American Water WorksInc
4) The $32m asset transaction with CUI Global by Bel Fuse
5) Pennsylvania American Water’s asset transaction with for $17.5m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.