Analysis of the key themes driving M&A activity reveals that digitalization accounted for 5 power deals announced in Q4 2023, worth a total value of $2.1bn. The $2.1bn majority acquisition of Compania Energetica Veracruz S.A.C and Enel Generacion Peru SAA by Niagara Energy SAC 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, digitalization-related deal activity increased by 699900% in Q4 2023 compared with the previous quarter’s total of $0.3m and rose by 46088% as compared to Q4 2022. Related deal volume increased by 150% in Q4 2023 versus the previous quarter and was 38% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Barclays; Cohen; Light Source Capital with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Kirkland & Ellis; Clifford Chance; Fenwick & West with 3, 1, 1 deals respectively.
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For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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