North America's power industry saw a drop of 4.7% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 161 deals worth $10.15bn were announced for the region during Q3 2019, against the last four-quarter average of 169 deals.
Of all the deal types, M&A saw most activity in Q3 2019 with 101, representing a 62.7% share for the region.
In second place was venture financing with 44 deals, followed by private equity deals with 16 transactions, respectively capturing a 27.3% and 9.9% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in North America's power industry with $9.41bn, while private equity and venture financing deals totalled $477.3m and $259.55m, respectively.
North America power industry deals in Q3 2019: Top deals
The top five power deals accounted for 71.2% of the overall value during Q3 2019.
The combined value of the top five power deals stood at $7.23bn, against the overall value of $10.15bn recorded for the quarter.
The top five power industry deals of Q3 2019 tracked by GlobalData were:
1) Ontario Power Generation's $2.18bn asset transaction with TransCanada Energy
2) The $2bn asset transaction with Invenergy by Public Serviceof Oklahoma and Southwestern Electric Power
3) Antin Infrastructure Partners’ $1.25bn asset transaction with Veolia Energy North America Holdings
4) The $1.08bn acquisition of Infiltrator Water Technologies by Advanced Drainage Systems
5) TerraForm Power's asset transaction with AltaGas for $720m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term 'acquisition' refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.