Analysis of the key themes driving private equity deal activity reveals that renewable energy accounted for 56 power deals announced in Q2 2023, worth a total value of $6.6bn. 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, renewable energy-related deal activity increased by 50% in Q2 2023 compared with the previous quarter’s total of $4.4bn and fell by 29% as compared to Q2 2022. Related deal volume decreased by 2% in Q2 2023 versus the previous quarter and was 7% lower than in Q2 2022.
The top-ranked financial advisors supporting these private equity deals in Q2 2023 were Rothschild & Co; Lazard; PricewaterhouseCoopers International with 4, 3, 3 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Kirkland & Ellis; Clifford Chance; Latham & Watkins with 7, 5, 5 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.
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