Analysis of the key themes driving M&A activity reveals that environmental sustainability accounted for 286 power deals announced in Q3 2023, worth a total value of $16.3bn. 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, environmental sustainability-related deal activity decreased by 37% in Q3 2023 compared with the previous quarter’s total of $25.9bn and fell by 6% as compared to Q3 2022. Related deal volume decreased by 10% in Q3 2023 versus the previous quarter and was 7% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were KPMG International Coop; Rothschild & Co; Bank of America with 9, 6, 5 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Kirkland & Ellis; White & Case; Allen & Overy with 13, 11, 9 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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