China's power deal activity surged 109.1% in Q4 2019

46 deals were announced during the quarter.

The deal activity in China’s power industry surged 109.1% during Q4 2019 compared with the last four-quarter average, according to GlobalData. 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 again the leading deal category in China’s power industry with total deals worth $690.91m, whilst private equity deals totalled $10.06m.

China’s top five power deals accounted for 62.4% of the overall value ($437.15m) during the period.

The top five power industry deals of Q4 2019 tracked by GlobalData were: Beiqing Clean Energy’s $177.74m asset transaction with Zhongrong International Trust; the $122.7m acquisition of Dongying Kunyu Energy Technology by Dongying Kunyu New Energy Technology; Guotou Electric’s $63.23m asset transaction with Kong Sun Yongtai Investment; the $38.74m acquisition of Harbin Electric Machinery by Harbin Electric; and China Nuclear Shandong Energy’s acquisition of Tongdao Century Concord Wind Power for $34.73m.