Analysis of the key themes driving private equity deal activity reveals that advanced materials accounted for 4 power deals announced in Q2 2023, worth a total value of $183.9m. The $142.5m investment by BPIFrance Investissement, Credit Agricole and Eurazeo Transition Infrastrcture Fund in Third Step 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, advanced materials-related deal activity decreased by 62% in Q2 2023 compared with the previous quarter’s total of $479.8m. Related deal volume decreased by 33% in Q2 2023 versus the previous quarter.

The top-ranked financial advisors supporting these private equity deals in Q2 2023 were Daiwa Securities Group; Ernst & Young Global; Lazard with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Dentons Paris; GESSEL; Herbert Smith Freehills 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.

This content was updated on 18 July 2023

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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.