High voltage tower with sunset High voltage tower with sunset A wave of grid modernization and clean energy construction saw Europe account for most of the biggest PE deals in the global construction and engineering sector in the first three months of this year. Both deal count and deal value in Europe increased year-over-year in Q1, PitchBook data shows. Deal count hit a Q1 record at 157, rising 33% from last year, while deal value rose 62% YoY to €9.18 billion (about $10.6 billion).