“Power Annual Deals Analysis 2013” report 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 2013. 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.
Publisher derived the data presented in this report from proprietary in-house Power deals database and primary and secondary research.
Asset Financing Deals Increased In The Power Industry In 2013
Asset financing, including project financing, self-funded, tax equity, lease and bond financing, and bridge loans for new building projects, acquisitions, and the refinancing of assets, registered an increase in the number of deals and a decrease in deal value in 2013. The market registered 1,029 deals worth $219.6 billion in 2013, as compared to 898 deals worth $258.8 billion in 2012. Of the 1,029 deals, there were 604 self-funded deals and 425 project financing deals.
The solar reported an increase in the number of deals and a decrease in deal values with 293 deals worth $33.7 billion in 2013, as compared to 261 deals worth $44.2 billion in 2012. Besides, wind market reported 264 deals worth $41.6 billion in 2013.
EDF Energy plc, China Guangdong Nuclear Power Holding Co., Ltd. and China National Nuclear Corporation, announcing to invest £16 billion (US$26 billion) in the construction and development of nuclear power plant in Hinkley Point C, Somerset, UK, is one of the high value asset finance deal reported in 2013.
Deal Value Of M&As Decreased In 2013
M&As registered an increase in the number of deals and a decrease in deal value with 603 deals worth $97.4 billion in 2013, as compared to 572 deals worth $106.3 billion in 2012. Out of the 603 transactions reported in 2013, 592 were acquisitions, while the remaining 11 were mergers.
In 2013, solar sector reported an increase in the number of deals and deal values with 166 deals worth $26.9 billion, as compared to 99 deals worth $12.8 billion in 2012. On the other hand, wind sector reported 114 deals worth $24.6 billion in 2013, as compared to 101 deals worth $24.9 billion in 2012.
North America remained the most attractive destination for M&As in 2013. The region registered 216 deals worth $37.9 billion in 2013.
MidAmerican Energy Holdings Company, a power generation, transmission and distribution company, completing the acquisition of NV Energy, Inc., a power generation, transmission and distribution company, for a purchase consideration of US$10,300m and Koch Industries, Inc., a diversified company, through its wholly-owned subsidiary Koch Connectors, Inc., announcing to acquire Molex Incorporated, a manufacturer of electronic, electrical and fiber optic interconnection systems, for a consideration of US$7.2 billion, are some of the high value acquisitions reported in 2013.
Capital Raising Through Issuance Of Equity Reported An Increase In 2013
Equity offerings, including initial public offerings (IPOs), secondary offerings and private investment in public equity (PIPE), registered a decrease of 11% in the number of deals and an increase of 68% in deal value in 2013. The segment reported 554 deals worth $58.7 billion in 2013, as compared to 623 deals worth $35 billion in 2012.
The IPO market reported a marginal decline in the number of deals and an increase in deal values in 2013. The market recorded 26 deals worth $7 billion in 2013, as compared to 27 deals worth $3.1 billion in 2012.
Secondary offerings registered a decrease of 8% in the number of deals with 152 deals in 2013, as compared to 165 deals in 2012. Deal value increased from $20.2 billion in 2012 to $21.6 billion in 2013, reflecting a 7% decrease. Besides, PIPEs reported a decrease in the number of deals and an increase in deal values in 2013 with 376 deals worth $30.1 billion, as compared to 431 deals worth $11.8 billion in 2012.
Venture Capital Investments Decreased In 2013
The power industry registered a decrease in the number of VC deals and deal value with 309 deals worth $2.5 billion in 2013, as compared to 349 deals worth $4 billion in 2012, reflecting a decrease of 11% in the number of deals and 38% in deal value. In 2013, growth and expansion-stage financings dominated the number of deals in the VC market with 257 deals worth $2.2 billion in 2013.
Intel Capital Corporation topped the VC ranking table, with five financing deals worth $77.6m in 2013. In deal value, International Finance Corporation stood at the top with four deals worth $177.8m.
North America Reported A Decline In Deal Activity In 2013
North America recorded a decrease in the number of deals and deal value in 2013. The region reported 1,487 deals worth $182.9 billion in 2013, as compared to 1,504 deals worth $201.7 billion in 2012. Besides, Europe registered an increase of 14% in the number of deals and a decrease of 12% in deal value, reporting 1,041 deals worth $221.1 billion in 2013, as compared to 917 deals worth $251.7 billion in 2012.
The Asia-Pacific region recorded a decrease in the number of deals, reporting 930 deals in 2013, as compared to 943 deals in 2012. Deal value also decreased from $179.1 billion in 2012 to $128.5 billion in 2013, reflecting a decrease of 28%.
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