Monday 7 March 2016, Amsterdam
The report, now available on ASDReports, “Power Quarterly Deals Analysis: M&A and Investment Trends - Q4 2015” is an essential source of data and trend analysis on the mergers and acquisitions (M&As) and financing in the power industry. The report provides detailed information on M&As, equity/debt offerings, private equity, venture financing and partnership transactions registered in the power industry in Q4 2015. The report discloses detailed comparative data on the number of deals and their value in the past five quarters, categorized into deal types, segments, and geographies. The report provides information on the top private equity, venture capital and advisory firms in the power industry.
The key player derived the data presented in this report from proprietary in-house Power eTrack deals database and primary and secondary research.
Asset Transactions Reported An Increase In Deal Value In The Power Industry In Q4 2015
Asset transactions, including project financing, self-funded, tax equity, lease and bond financing, and bridge loans for acquisition of assets, registered a marginal decrease in the number of deals and an increase in deal value in Q4 2015. The market registered 137 deals worth US$19.7 billion in Q4 2015, as compared to 139 deals worth US$9.6 billion in Q3 2015. On year-on-year basis, asset transactions recorded a decrease in the number of deals and an increase in deal value in Q4 2015, compared to199 deals worth US$16.9 billion in Q4 2014.
The solar segment reported highest number of asset acquisitions with 51 deals worth US$2.2 billion in Q4 2015, followed by wind energy with 45 deals worth US$2.8 billion, fossil fuels with 15 deals worth US$4.2 billion and hydro with 13 deals worth US$1.4 billion during the same period.
Europe accounted for 44% of the total deals and 60% of the total deal value in asset transactions segment in Q4 2015, with 60 deals worth US$11.8 billion, followed by North America with 50 deals worth US$6 billion and Asia-Pacific with 23 deals worth US$1 billion during the same period.
Value Of M&A Deals Decreased In Q4 2015
M&As or corporate acquisitions in the power industry, registered a decrease of 14% in number and 65% in deal value with 86 deals worth US$21.9 billion in Q4 2015, as compared to 100 deals worth US$62.6 billion in Q3 2015. On year-on-year basis, M&As recorded a decrease in the number of deals and deal value in Q4 2015, as compared to 100 deals worth US$27.3 billion in Q4 2014.
North America registered a decrease in the number of deals and deal value with 23 deals worth US$427.1m in Q4 2015, as compared to 41 deals worth US$50.6 billion in Q3 2015. On the other hand, Europe also reported a decrease in the number of deals and deal value with 32 deals worth US$2.5 billion in Q4 2015, as compared to 33 deals worth US$4.4 billion in Q3 2015.
Capital Raising Through Issuance Of Equity Reported A Decrease In Q4 2015
Equity offerings, including IPOs, secondary offerings, and PIPEs, registered a decrease in the number of deals and deal value with 57 deals worth US$8.7 billion in Q4 2015, as compared to 64 deals worth US$10.4 billion in Q3 2015. On year-on-year basis equity offerings recorded a decrease in number of deals and deal value in Q4 2015, as compared to 72 deals worth US$13.7 billion in Q4 2014.
IPOs in the power industry reported a decrease in number of deals and an increase in deal value with three deals worth US$1.3 billion in Q4 2015, as compared to nine deals worth US$1.2 billion in Q3 2015.
Capital raising, through issuance of debt instruments, including public debt offerings and private debt placements, registered an increase in the number of deals and a decrease in deal value with 118 deals worth US$18.5 billion in Q4 2015, as compared to 109 deals worth US$20.4 billion in Q3 2015. On year-on-year basis, debt offerings recorded a decrease in the number of deals and deal value in Q4 2015, compared to 127 deals worth US$27.4 billion in Q4 2014.
Venture Capital Investments Increased In Q4 2015
Venture capital financing in the power industry registered a decrease in the number of deals and an increase in deal value in Q4 2015 with 22 deals worth U$869.8m, as compared to 28 deals worth US$239.8m in Q3 2015. On year-on-year basis, venture financing deals recorded a decrease in the number of deals and an increase in deal value with 26 deals worth US$385.5m in Q4 2014.
Constellation Technology Ventures made investment in four deals worth US$80.4 between Q4 2014 and Q4 2015.
Deals In North America Decreased In Q4 2015
North America registered a decrease in the number of deals and deal value with 247 deals worth US$22.4 billion in Q4 2015, as compared to 280 deals worth US$80 billion in Q3 2015. On year-on-year basis, the number of deals and deal value registered a decrease in Q4 2015, as compared to 331 deals worth US$43.4 billion in Q4 2014.
Europe registered an increase in the number of deals and deal value with 185 deals worth US$40 billion in Q4 2015, as compared to 172 deals worth US$25.5 billion in Q3 2015. On year-on-year basis, the number of deals registered a decrease in the number of deals and an increase in deal value in Q4 2015, as compared to 244 deals worth US$30 billion in Q4 2014.
Asia-Pacific registered a decrease in the number of deals and deal value with 170 deals worth US$44.3 billion in Q4 2015, as compared to 200 deals worth US$59.3 billion in Q3 2015. On year-on-year basis, the number of deals registered a decrease in the number of deals and deal value in Q4 2015, as compared to 219 deals worth US$48.9 billion in Q4 2014.
