In the Australian power industry, there were 11 M&A deals announced in Q4 2023, worth a total value of $656.1m, according to GlobalData’s Deals Database. The $545.1m acquisition of Lightsource BP Renewable Energy Investments by Beijing Jingneng Clean Energy (Australia) Holding was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for 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 Australia decreased by 50% in Q4 2023 compared with the previous quarter’s total of $1.3bn and fell by 80% as compared to Q4 2022. Related deal volume increased by 57% in Q4 2023 versus the previous quarter and was 8% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Australia in Q4 2023 were Capcora; Clairfield International; Ernst & Young Global with 1, 1, 1 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in Australia Q4 2023 were King & Wood Mallesons; Baker & McKenzie; Herbert Smith Freehills with 3, 2, 2 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.