India's power industry saw a flat growth in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 22 deals worth $878.26m were announced in Q4 2019, compared to the last four-quarter average of 22 deals.
M&A was the leading category in the quarter with 18 deals which accounted for 81.8% of all deals.
In second place was private equity with two deals, followed by venture financing with two transactions, respectively accounting for 9.1% and 9.1% of overall deal activity in the country's power industry during the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in India's power industry with total deals worth $466.2m, while private equity and venture financing deals totalled $410.66m and $1.4m, respectively.
India power industry deals in Q4 2019: Top deals
The top five power deals accounted for 97.2% of the overall value during Q4 2019.
The combined value of the top five power deals stood at $854.06m, against the overall value of $878.26m recorded for the month.
The top five power industry deals of Q4 2019 tracked by GlobalData were:
1) Qatar Holding's $451.2m private equity deal with Adani Electricity Mumbai
2) The $177.99m acquisition of Crompton Greaves Consumer Electricals by Fidelity Investments, HDFC Life InsuranceLimited, Norges Bank and SBI Mutual Fund
3) NHPC's $126.55m asset transaction with Lanco Teesta Hydro Power
4) The $56.79m acquisition of Sembcorp Energy India by Sembcorp Utilities
5) Industrial Energy's asset transaction with Tata Steel for $41.54m.
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.