The UK power industry saw a flat growth in overall deal activity during Q3 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 35 deals worth $1.38bn were announced in Q3 2020, compared to the last four-quarter average of 35 deals.
M&A was the leading category in the quarter with 22 deals which accounted for 62.9% of all deals.
In second place was venture financing with seven deals, followed by private equity with six transactions, respectively accounting for 20% and 17.1% 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 the UK power industry with total deals worth $1.05bn, while private equity and venture financing deals totalled $319.54m and $15.72m, respectively.
The UK power industry deals in Q3 2020: Top deals
The top five power deals accounted for 86.1% of the overall value during Q3 2020.
The combined value of the top five power deals stood at $1.19bn, against the overall value of $1.38bn recorded for the month.
The top five power industry deals of Q3 2020 tracked by GlobalData were:
1) Greencoat UK Wind's $467.12m asset transaction with SSE
2) The $257.9m acquisition of Green Project by iCON Infrastructure Partners
3) iCON Infrastructure's $257.9m private equity deal with Green Recovery Projects
4) The $140.66m asset transaction with by Bluefield Solar Income Fund
5) SDCL Energy Efficiency Income Trust's asset transaction with Electric Vehicle Network for $65.55m.
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.