Analysis of the key themes driving M&A activity reveals that environmental sustainability accounted for 288 power deals announced in Q3 2022, worth a total value of $18.1bn, according to GlobalData’s whitepaper on Environmental Sustainability in Power – M&A Deal Activity in Q3 2022. The $1.7bn acquisition of Hitachi Energy by Hitachi was the industry’s largest disclosed deal.
In value terms, environmental sustainability-related deal activity increased by 3% in Q3 2022 compared with the previous quarter’s total of $17.5bn and rose by 710% as compared to Q3 2021. Related deal volume increased by 22% in Q3 2022 versus the previous quarter and was 1152% higher than in Q3 2021.
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| Target | Acquirer | Deal Value ($M) | Deal Date |
|---|---|---|---|
| Suez | Veolia Environnement | $23,134M | Feb-21 |
| Hydroelectric Projects | China Yangtze Power | $12,011M | Dec-21 |
| Siemens Gamesa Renewable Energy | Siemens Energy | $4,263M | May-22 |
| Adani Green Energy | TotalEnergies | $2,500M | Jan-21 |
| Hitachi Energy | Hitachi | $1,679M | Sep-22 |
The top-ranked financial advisors supporting these M&A deals in 2022 were KPMG International Coop; Bank of America; Citigroup with 7, 4, 4 deals respectively.
| Advisor Name | 2022 Rank | 2021 Rank |
|---|---|---|
| KPMG International Coop | 1 | 4 |
| Bank of America | 2 | - |
| Citigroup | 2 | 2 |
| Lazard | 2 | 3 |
| Samsung Securities | 2 | 1 |
The top-ranked legal advisors supporting these M&A deals in 2022 were CMS Legal Services EEIG; Kirkland & Ellis; White & Case with 12, 10, 9 deals respectively.
| Advisor Name | 2022 Rank | 2021 Rank |
|---|---|---|
| CMS Legal Services EEIG | 1 | 1 |
| Kirkland & Ellis | 2 | 2 |
| White & Case | 3 | 3 |
| Clifford Chance | 4 | 1 |
| Norton Rose Fulbright | 4 | 2 |
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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.
