In the US power industry, there were 89 M&A deals announced in Q3 2023, worth a total value of $1.9bn, according to GlobalData’s Deals Database. The $768m acquisition of ConnectGen by Repsol 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.
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In value terms, M&A activity in the US decreased by 77% in Q3 2023 compared with the previous quarter’s total of $8.2bn and fell by 68% as compared to Q3 2022. Related deal volume decreased by 14% in Q3 2023 versus the previous quarter and was 28% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in the US in Q3 2023 were Citigroup; Barclays; JPMorgan Chase & Co with 6, 5, 5 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in the US Q3 2023 were Kirkland & Ellis; Baker Botts; Sidley Austin with 14, 5, 5 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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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
