Analysis of the key themes driving M&A activity reveals that social responsibility accounted for 3 power deals announced in Q4 2023, worth a total value of $13m. The $13m minority acquisition of WATT Renewable by Empower New Energy 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, social responsibility-related deal activity remained flat in Q4 2023 compared with the previous quarter and as compared to Q4 2022. Related deal volume remained flat in Q4 2023 versus the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Augusta; Cortus Advisory; Jones Lang LaSalle with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were McCarthy Tetrault; Pinsent Masons International; TLT with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.