In the global power industry, there were 382 M&A deals announced in Q3 2023, worth a total value of $19.9bn, according to GlobalData’s Deals Database. The $2.4bn minority acquisition of Avaada Energy by REC was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q3 2023 uncovers key trends behind the power market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
In value terms, M&A activity decreased by 40% in Q3 2023 compared with the previous quarter’s total of $33.1bn and fell by 41% as compared to Q3 2022. Related deal volume decreased by 15% in Q3 2023 versus the previous quarter and was 13% lower than in Q3 2022.
Notably, carbon emissions-related deals accounted for a 72% share of the global power industry’s M&A activity in Q3 2023, up 8% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were KPMG International Coop; Citigroup; JPMorgan Chase & Co with 10, 7, 7 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Kirkland & Ellis; White & Case; Allen & Overy with 16, 14, 11 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.
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