China’s Power Industry Sees a Rise of 109.1% in Deal Activity in Q4 2019

China’s power industry saw a rise of 109.1% in overall deal activity during Q4 2019, when compared with the last four-quarter average, as per GlobalData’s deals database.

A total of 46 deals worth $700.97m 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 36 deals which accounted for 78.3% of all deals.

In second place was venture financing with ten deals which accounted for 21.7% 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 China’s power industry with total deals worth $690.91m, while private equity deals totaled $10.06m.

China power industry deals in Q4 2019: Top deals

The top five power deals accounted for 62.4% of the overall value during Q4 2019.

The combined value of the top five power deals stood at $437.15m, against the overall value of $700.97m recorded for the month.

The top five power industry deals of Q4 2019 tracked by GlobalData were:

• Beiqing Clean Energy InvestmentLimited’s $177.74m asset transaction with Zhongrong International Trust
• The $122.7m acquisition of Dongying Kunyu Energy TechnologyLimited by Dongying Kunyu New Energy TechnologyLimited
• Guotou Electric Holding’s $63.23m asset transaction with Kong Sun Yongtai Investment Holdings
• The $38.74m acquisition of Harbin Electric Machinery by Harbin Electric
• China Nuclear Shandong Energy’s acquisition of Tongdao Century Concord Wind Power for $34.73m.