In value terms, smart grid-related deal activity increased by 2031% in Q1 2023 compared with the previous quarter’s total of $8m and fell by 95% as compared to Q1 2022. Related deal volume increased by 11% in Q1 2023 versus the previous quarter and was 100% higher than in Q1 2022.

The top-ranked financial advisors supporting these M&A deals in Q1 2023 were Aquila Capital Partners; Barclays; Goldman Sachs Group with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q1 2023 were Norton Rose Fulbright; Shearman & Sterling; Watson Farley & Williams with 1, 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.

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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.