Total power industry M&A deals in Q3 2020 worth $1.05bn were announced in the UK, according to GlobalData’s deals database.
The value marked a decrease of 33.01% over the previous quarter and a drop of 25.2% when compared with the last four-quarter average of $1.4bn.
The UK held a 4.5% share of the global power industry M&A deal value that totalled $23.33bn in Q3 2020.
In terms of deal activity, the UK recorded 22 deals during Q3 2020, marking a rise of 10% over the previous quarter and a drop of 12% over the last four-quarter average.
The UK power industry M&A deals in Q3 2020: Top deals
The top five power industry M&A deals accounted for 91.4% of the overall value during Q3 2020.
The combined value of the top five power M&A deals stood at $956.32m, against the overall value of $1.05bn recorded for the month.
The top five power industry deals of Q3 2020 tracked by GlobalData were:
- Greencoat UK Wind’s $467.12m asset transaction with SSE
- The $257.9m acquisition of Green Project by iCON Infrastructure Partners
- Bluefield Solar Income Fund’s $140.66m asset transaction with
- The $65.55m asset transaction with Electric Vehicle Network by SDCL Energy Efficiency Income Trust
- Gresham House Energy Storage Fund’s asset transaction with Arenko Cleantech for $25.09m.
ENDS
Notes to Editors
This analysis considers only announced and completed deals from the GlobalData financial deals database and exclude all terminated and rumored 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.
About GlobalData
4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.
Source: GlobalData
