DEALS ANALYSIS
Deals activity: Europe leads in growth and value; sector rankings remain same as 2020
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Deals activity by geography
Power industry deals, as captured by GlobalData’s Power Intelligence Centre, are up year-on-year (YoY) across most regions.
Europe is leading in terms of deal value, also recording the greatest increase in YoY growth in deals volume at 21.59%. Deals also increased in Asia-Pacific (4.01%) and North America (12.54%).
South and Central America, ranking last in terms of deal value, has also suffered the biggest YoY decline, with deal volumes at -23.34%. The volume of deals recorded by GlobalData also decreased YoY in Middle East and Africa (-18.98%).
Deals activity by type
| Deal type | Total deal value (US$m) | Total deal count | YoY change (volume) |
| Asset Transaction | 7480136 | 33428 | 34.37 |
| Debt Offering | 4367038 | 13434 | 4.62 |
| Acquisition | 2934169 | 12984 | 21.92 |
| Equity Offering | 1509076 | 7687 | 6.48 |
| Partnership | 117124 | 6117 | 209.51 |
| Venture Financing | 69687 | 4926 | 93.91 |
| Private Equity | 500717 | 2493 | 201.69 |
| Merger | 289628 | 446 | -70.75 |
A breakdown of deals by type and volume shows largely positive results; while mergers are down -70.75%, asset transactions are up 34.37%, partnerships are up 209.51%, and acquisitions have seen 21.92% growth. Financing deals have also seen positive results, with venture financing up 93.91% YoY, private equity up 201.69%, equity offerings up 6.48%, and debt offerings seeing growth of 4.62%.
Deals activity by sector
Perhaps the most notable conclusion to draw from GlobalData’s analysis of power industry deals by sector so far this year is consistency. All sectors are currently in the same relative rankings as they were at the end of 2020, with solar PV remaining in the lead with 933 deals.
Note: All numbers as of 27 July 2021. Deals captured by GlobalData cover M&As, strategic alliances, various types of financing and contract service agreements.
For more insight and data, visit GlobalData's Power Intelligence Centre.
Latest deals in brief
RBC Bearings to acquire ABB’s power transmission division for $2.9bn
US-based engineering firm RBC Bearings has signed a definitive agreement to acquire Dodge, the mechanical power transmission division of global technology company ABB, in a $2.9bn deal.
BP acquires Open Energi to optimise its renewable energy assets
BP has acquired UK-based artificial intelligence-driven company Open Energi in an effort to optimise the performance of its renewable energy assets.
Iberdrola receives 550MW renewable pipeline by acquiring Sowitec Vietnam
Spanish energy company Iberdrola has acquired renewable energy firm Sowitec Vietnam, which has a 550MW renewable pipeline in development.
EDPR to acquire 544MW wind and solar portfolio in UK
Spain-based energy company EDP Renewables (EDPR) has signed agreements with Vento Ludens and Wind2 to acquire a 544MW wind and solar portfolio in the UK.
BlackRock Real Assets buys Korean energy company KREDO Holdings
BlackRock Real Assets has acquired South Korean renewable energy company Korea Renewable Energy Development and Operation Holdings (KREDO Holdings), formerly known as IGIS Private Equity.
Rhizen signs oncology drug development deal with Curon
Swiss biopharma company Rhizen Pharmaceuticals has signed an exclusive licensing agreement with Curon Biopharmaceutical to develop and commercialise Tenalisib for oncology in the Greater China region. Tenalisib, a highly selective dual PI3K delta and gamma inhibitor, is currently in Phase II clinical development for haematological malignancies. The US FDA granted fast track and orphan drug designations for the drug candidate Tenalisib as a treatment for relapsed/refractory peripheral T-cell lymphoma and cutaneous T-cell lymphoma.
