Global power industry deals total $44.83 B in Q4 2019
A recent study has revealed that total power industry deals for Q4 2019 were worth $44.83 B, according to GlobalData’s deals database.
Global power industry
A recent study has revealed that total power industry deals for Q4 2019 were worth $44.83 B, according to GlobalData’s deals database.
The data firm said in a statement that the value marked an increase of 109.3 % over the previous quarter and a rise of 39.1 % when compared with the last four-quarter average of $32.24 B.
In terms of number of deals, the sector saw a rise of 9.5 % over the last four-quarter average with 507 deals against the average of 463 deals.
In value terms, Europe led the activity with deals worth $19.06 B.
The top five power deals accounted for 44.9 % of the overall value during Q4 2019.
The combined value of the top five power deals stood at $20.11 B, against the overall value of $44.83 B recorded for the month.
The top five power industry deals of Q4 2019 tracked by GlobalData were: Canada Pension Plan Investment Board’s $6.1 B private equity deal with Pattern Energy Group, The $4.52 B acquisition of Anixter International by WESCO International, Chubu Electric PowerInc and Mitsubishi’s $4.52 B acquisition of Eneco Holding, The $2.53 B acquisition of Uniper by Fortum, and Credit Agricole Assurances, Engie and Mirova’s asset transaction with Energias de Portugal for $2.45 B.
Source: Esi Africa