Analysis of the key themes driving private equity activity reveals that environmental sustainability accounted for 52 power deals announced in Q3 2022, worth a total value of $5.1bn, according to GlobalData’s whitepaper on Environmental Sustainability in Power – Private Equity Deal Activity in Q3 2022.
In value terms, environmental sustainability-related deal activity decreased by 25% in Q3 2022 compared with the previous quarter’s total of $6.8bn and fell by 11% as compared to Q3 2021. Related deal volume decreased by 7% in Q3 2022 versus the previous quarter and was 1200% higher than in Q3 2021.
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| Target | Acquirer | Deal Value ($M) | Deal Date |
|---|---|---|---|
| Suez | Ardian Holding; Global Infrastructure Partners | $13,660M | Jan-21 |
| Covanta Holding | EQT | $5,300M | Jul-21 |
| Reden Solar | British Columbia Investment Management; Macquarie Asset Management Holding; MEAG Munich Ergo AssetManagement | $2,733M | Mar-22 |
| China National Nuclear Huineng | Beijing Guanghe Confluence New Energy Technology Enterprise; China Life Insurance; CITIC Securities; Guohua Military and Civil Integration Industrial Development Fund Management; Sichuan Energy Investment Development; Zheneng Electric Power; Zhuhai Deqing Hengda Investment Partnership No 3 | $1,115M | May-22 |
| Hafslund Oslo Celsio | Hafslund Produksjon Holding; HitecVision; Infranode | $1,051M | Mar-22 |
The top-ranked financial advisors supporting these private equity deals in 2022 were JPMorgan Chase; Goldman Sachs Group; Samsung Securities with 7, 5, 4 deals respectively.
| Advisor Name | 2022 Rank | 2021 Rank |
|---|---|---|
| JPMorgan Chase | 1 | 1 |
| Goldman Sachs Group | 2 | - |
| Samsung Securities | 3 | 1 |
| Citigroup | 4 | - |
| Ernst & Young Global | 4 | - |
The top-ranked legal advisors supporting these private equity deals in 2022 were Kirkland & Ellis; White & Case; Latham & Watkins with 10, 7, 5 deals respectively.
| Advisor Name | 2022 Rank | 2021 Rank |
|---|---|---|
| Kirkland & Ellis | 1 | 1 |
| White & Case | 2 | - |
| Latham & Watkins | 3 | - |
| Linklaters | 4 | - |
| CMS Legal Services EEIG | 5 | - |
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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 Buyouts and Direct Investments done by Private Equity firms.
