Lagos — State Grid International Development’s $4.88bn acquisition of Compania General de Electricidad was the power industry’s biggest cross border deal of Q4 2020 as cross border deals worth $25.9bn were announced globally in the quarter, according to GlobalData’s deals database.
The value marked an increase of 109.04% over the previous quarter and a rise of 97.9% when compared with the last four-quarter average of $13.09bn.
In terms of number of cross border deals, the sector saw a rise of 38.93% over the last four-quarter average with 207 deals against the average of 149 deals.
In value terms, Europe led the activity with cross border deals worth $11.21bn.
Power industry cross border deals in Q4 2020: Top deals
The top five power industry cross border deals accounted for 48.4% of the overall value during Q4 2020.
The combined value of the top five cross border deals stood at $12.54bn, against the overall value of $25.9bn recorded for the quarter.
The top five power industry cross border deals of Q4 2020 tracked by GlobalData were:
– State Grid International Development’s $4.88bn acquisition of Compania General de Electricidad
– The $2.68bn asset transaction with Orsted by Caisse de depot et placement du Quebec and Cathay Securities Investment Trust
– BlackRock Global Energy & Power Infrastructure Funds, Coyote Bidco, Mubadala Investment and West Street Infrastructure Partners III’s $1.9bn private equity deal with Calisen
– The $1.82bn acquisition of Grupo T-Solar Global by Cubico Sustainable Investments
– Abu Dhabi Investment Authority, Equis and Ontario Teachers Pension Plan Board’s private equity with Equis Development for $1.25bn.