In the North American power industry, there were 105 M&A deals announced in Q3 2023, worth a total value of $3.3bn, according to GlobalData’s Deals Database. The $1bn minority acquisition of TransAlta Renewables by TransAlta 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 in North America decreased by 78% in Q3 2023 compared with the previous quarter’s total of $14.7bn and fell by 76% as compared to Q3 2022. Related deal volume decreased by 14% in Q3 2023 versus the previous quarter and was 22% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in North America in Q3 2023 were Barclays; Citigroup; JPMorgan Chase & Co with 6, 6, 5 deals respectively.
The top-ranked legal advisors supporting these M&A deals in North America Q3 2023 were Kirkland & Ellis; Baker Botts; Sidley Austin with 15, 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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