North America's power industry saw a drop of 39.3% in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 102 deals worth $4.16bn were announced for the region during Q2 2020, against the last four-quarter average of 168 deals.
Of all the deal types, M&A saw most activity in Q2 2020 with 62, representing a 60.8% share for the region.
In second place was venture financing with 33 deals, followed by private equity deals with seven transactions, respectively capturing a 32.4% and 6.9% 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 $3.79bn, while venture financing and private equity deals totalled $326.01m and $38.54m, respectively.
North America power industry deals in Q2 2020: Top deals
The top five power deals accounted for 80.7% of the overall value during Q2 2020.
The combined value of the top five power deals stood at $3.36bn, against the overall value of $4.16bn recorded for the quarter.
The top five power industry deals of Q2 2020 tracked by GlobalData were:
1) Ontario Power Generation's $2bn asset transaction with TC Energy
2) The $680m asset transaction with Xcel Energy by Southwest Generation Operating Company
3) 's $302m merger of Middle Tennessee Electric Membership and Murfreesboro Electric Department
4) The $200m asset transaction with by SolRiver Capital
5) Enviva Partners’ asset transaction with Innogy for $175m.
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.