In the European power industry, there were 148 M&A deals announced in Q3 2023, worth a total value of $5.6bn, according to GlobalData’s Deals Database. The $1.5bn acquisition of Breesea, Sonningmay Wind and Soundmark Wind by Diamond Transmission Partners Hornsea Two 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 Europe decreased by 15% in Q3 2023 compared with the previous quarter’s total of $6.6bn and fell by 38% as compared to Q3 2022. Related deal volume decreased by 20% in Q3 2023 versus the previous quarter and was 8% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Europe in Q3 2023 were KPMG International Coop; Rothschild & Co; Ernst & Young Global with 8, 6, 5 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Europe Q3 2023 were Dentons UK and Middle East; Allen & Overy; CMS Legal Services EEIG with 10, 9, 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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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.
