Lagos — Germany’s power industry saw a drop of 14.3% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.
A total of 24 deals worth $4.66bn were announced in Q4 2019, compared to the last four-quarter average of 28 deals.
M&A was the leading category in the quarter with 20 deals which accounted for 83.3% of all deals.
In second place was private equity with two deals, followed by venture financing with two transactions, respectively accounting for 8.3% and 8.3% 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 Germany’s power industry with total deals worth $4.33bn, while private equity and venture financing deals totalled $329.18m and $1.11m, respectively.
Germany power industry deals in Q4 2019: Top deals
The top five power deals accounted for 96.3% of the overall value during Q4 2019.
The combined value of the top five power deals stood at $4.49bn, against the overall value of $4.66bn recorded for the month.
The top five power industry deals of Q4 2019 tracked by GlobalData were:
– Fortum’s $2.53bn acquisition of Uniper
– The $865.93m acquisition of MVV Energie by Allianz, Ardian, DWS Group GmbH & Co, IFM Investors, Ontario Municipal Employees Retirement
System, Partners Group and Swiss Life
– Credit Suisse Energy Infrastructure Partners’ $546.99m asset transaction with Equinor
– The $329.18m private equity deal with PNE by Morgan Stanley Infrastructure Partners
– Siemens Gamesa Renewable Energy’s asset transaction with Senvion for $223.28m.