Lagos — Total power industry cross border M&A deals worth $3.1bn were announced in North America Q4 2020, led by ContourGlobal’s $837m asset transaction, according to GlobalData’s deals database.
The value marked a decrease of 8.6% over the previous quarter and a rise of 21.1% when compared with the last four-quarter average of $2.56bn.
North America held a 16.26% share of the global power industry cross border M&A deal value that totalled $19.07bn in Q4 2020. With a 16.05% share and deals worth $3.06bn, the US was the top country in North America’s cross border M&A deal value across power industry.
In terms of deal activity, North America recorded 38 cross border deals during Q4 2020, marking an increase of 65.22% over the previous quarter and a rise of 90.00% over the last four-quarter average. The US recorded 32 deals during the quarter.
North America power industry cross border M&A deals in Q4 2020: Top deals
The top five power industry cross border M&A deals accounted for 93.3% of the overall value during Q4 2020.
The combined value of the top five cross border M&A deals stood at $2.89bn, against the overall value of $3.1bn recorded for the quarter.
The top five power industry cross border deals of Q4 2020 tracked by GlobalData were:
ContourGlobal’s $837m asset transaction with Western Generation Partners
The $810m asset transaction with Exelon Generation Co by Brookfield Renewable Energy Partners
Algonquin Power & Utilities’ $600m asset transaction with RWE
The $340.64m asset transaction with TransAlta by TransAlta Renewables
Alberton Acquisition’s acquisition of SolarMax Technology for $300m.