Analysis of the key themes driving M&A activity reveals that energy transition accounted for 289 power deals announced in Q2 2023, worth a total value of $25.4bn. The $6bn acquisition of Iberdrola Mexico by Mexico Infrastructure Partners 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, energy transition-related deal activity increased by 26% in Q2 2023 compared with the previous quarter’s total of $20.1bn and rose by 18% as compared to Q2 2022. Related deal volume decreased by 2% in Q2 2023 versus the previous quarter and was 99% higher than in Q2 2022.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Dentons UK and Middle East; CMS Legal Services EEIG; Watson Farley & Williams with 8, 7, 7 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.