Analysis of the key themes driving private equity deal activity reveals that energy storage accounted for 9 power deals announced in Q2 2023, worth a total value of $448m. The $250m investment by KKR in Serentica Renewables India 4 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, energy storage-related deal activity decreased by 31% in Q2 2023 compared with the previous quarter’s total of $647.7m and fell by 78% as compared to Q2 2022. Related deal volume decreased by 31% in Q2 2023 versus the previous quarter and was 53% lower than in Q2 2022.
The top-ranked financial advisors supporting these private equity deals in Q2 2023 were KeyCorp; Macquarie Group; Nomura with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Kirkland & Ellis; CMS Legal Services EEIG; DLA Piper with 3, 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.