Share

UK power industry sees a drop of 25% in deal activity in Q2 2020

A total of 27 deals worth $1.59bn were announced in Q2 2020, compared to the last four-quarter average of 36 deals

Share
Power
Getty Images

The UK power industry saw a drop of 25% in overall deal activity during Q2 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

A total of 27 deals worth $1.59bn were announced in Q2 2020, compared to the last four-quarter average of 36 deals.

M&A was the leading category in the quarter with 20 deals which accounted for 74.1% of all deals.

In second place was venture financing with six deals, followed by private equity with one transactions, respectively accounting for 22.2% and 3.7% of overall deal activity in the country’s power industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the UK power industry with total deals worth $1.56bn, while private equity and venture financing deals totalled $17.34m and $8.96m, respectively.

The UK power industry deals in Q2 2020: Top deals

The top three power deals accounted for 79.2% of the overall value during Q2 2020.

The combined value of the top three power deals stood at $1.26bn, against the overall value of $1.59bn recorded for the month.

The top three power industry deals of Q2 2020 tracked by GlobalData were:

  • Diamond Transmission Partners Walney Extension’s $555.6m asset transaction with Orsted, PFA Holding and PKA
  • The $395.46m asset transaction with Vattenfall Wind Power by Greencoat UK Wind
  • Origin Energy’s $311.29m acquisition of Octopus Energy

Newsletter

Most Popular