Analysis of the key themes driving M&A activity reveals that hydrogen accounted for 14 power deals announced in Q2 2023, worth a total value of $3.4bn. The $2.1bn acquisition of Green Power Investment by JERA and NTT Anode Energy 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, hydrogen-related deal activity decreased by 51% in Q2 2023 compared with the previous quarter’s total of $7bn and fell by 80% as compared to Q2 2022. Related deal volume decreased by 46% in Q2 2023 versus the previous quarter and was 13% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were ABG Sundal Collier Holding; Citigroup; Goldman Sachs Group with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Latham & Watkins; Dechert; Fasken Martineau DuMoulin 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.