Analysis of the key themes driving M&A activity reveals that digitalization accounted for 7 power deals announced in Q2 2023, worth a total value of $1.6bn. The $1.1bn acquisition of ECM Investors by nVent Electric was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q2 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, digitalization-related deal activity increased by 16227% in Q2 2023 compared with the previous quarter’s total of $9.8m and rose by 93467% as compared to Q2 2022. Related deal volume increased by 75% in Q2 2023 versus the previous quarter and was 40% higher than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Barclays; Marshall & Stevens Transaction Advisory Services; Solomon Partners Securities with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Kirkland & Ellis; Clifford Chance; Fenwick & West with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.