Analysis of the key themes driving private equity deal activity reveals that energy transition accounted for 54 power deals announced in Q2 2023, worth a total value of $7.1bn. The $1bn investment by Brookfield Asset Management in Avaada Power 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 transition-related deal activity increased by 69% in Q2 2023 compared with the previous quarter’s total of $4.2bn and rose by 161% as compared to Q2 2022. Related deal volume decreased by 2% in Q2 2023 versus the previous quarter and was 35% higher than in Q2 2022.

The top-ranked financial advisors supporting these private equity deals in Q2 2023 were Rothschild & Co; Ernst & Young Global; Lazard with 4, 2, 2 deals respectively.

The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Kirkland & Ellis; Clifford Chance; DLA Piper with 7, 5, 4 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.