Total deal value and volume increased in the second half of 2019 (2H19) relative to both the first half of 2019 (1H19) and the second half of 2018 (2H18). Average deal size was also up in 2H19 vs.1H19 and 2H18, as investors continue to look for new opportunities to deploy their capital within the crowded US infrastructure market. Although there was no material US federal infrastructure legislation in 2019, we expect infrastructure to remain a talking point throughout the 2020 election cycle. We continue to see increased activity in certain sectors, such as data centers, midstream assets, and water.
The information presented in this report is an analysis of deals in the infrastructure sector, focusing on renewables, power, transport, environment, telecommunications, and social infrastructure deals. Deal information was sourced from the Inframation Deals database and includes deals focused on infrastructure projects and portfolios that achieved deal status of “Financial Close” between January 1, 2019 and December 31, 2019.
The data includes acquisitions, partial sales, and financing for greenfield and brownfield transactions. Certain adjustments have been made to the information to exclude transactions such as refinancings, general financing facilities, equity commitments, and transactions that did not have a reported value on Inframation, as of January 14, 2020.
Percentages and values are rounded to the nearest whole number, which may result in minor differences when summing totals.