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    Home » China’s power industry sees a rise of 109.1% in deal activity in Q4 2019

    China’s power industry sees a rise of 109.1% in deal activity in Q4 2019

    March 7, 2020
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    *Deals analysis

    Lagos — China’s power industry saw a rise of 109.1% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

    A total of 46 deals worth $700.97m were announced in Q4 2019, compared to the last four-quarter average of 22 deals.

    M&A was the leading category in the quarter with 36 deals which accounted for 78.3% of all deals.

    In second place was venture financing with ten deals which accounted for 21.7% of overall deal activity in the country’s power industry during the quarter.

    In terms of value of deals, M&A was the leading deal category in China’s power industry with total deals worth $690.91m, while private equity deals totalled $10.06m.

    China power industry deals in Q4 2019: Top deals
    The top five power deals accounted for 62.4% of the overall value during Q4 2019.
    The combined value of the top five power deals stood at $437.15m, against the overall value of $700.97m recorded for the month.

    UK power industry M&A deals total $2.75bn in Q4 2019

    The top five power industry deals of Q4 2019 tracked by GlobalData were:
    – Beijing Clean Energy Investment Limited’s $177.74m asset transaction with Zhongrong International Trust
    – The $122.7m acquisition of Dongying Kunyu Energy Technology Limited by Dongying Kunyu New Energy Technology Limited
    – Guotou Electric Holding’s $63.23m asset transaction with Kong Sun Yongtai Investment Holdings
    – The $38.74m acquisition of Harbin Electric Machinery by Harbin Electric
    – China Nuclear Shandong Energy’s acquisition of Tongdao Century Concord Wind Power for $34.73m.

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