“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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more about this report at: http://mrr.cm/ZSy
Related Report;
1st - Power Monthly Deal Analysis - February 2014: M&A and
Investment Trends - See more at: http://mrr.cm/ZSF
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