Analysis of the key themes driving private equity deal activity reveals that smart grid accounted for 3 power deals announced in Q2 2023, worth a total value of $274.3m. The $274.3m investment by Algemene Pensioen Groep in Driveco 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.
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In value terms, smart grid-related deal activity decreased by 7% in Q2 2023 compared with the previous quarter’s total of $294.7m and fell by 19% as compared to Q2 2022. Related deal volume decreased by 63% in Q2 2023 versus the previous quarter and was 63% lower than in Q2 2022.
The top-ranked financial advisors supporting these private equity deals in Q2 2023 were Danske Bank; Ernst & Young Global; Evercore with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q2 2023 were BKP & Associes; Clifford Chance; CLP-Cliperton with 1, 1, 1 deals respectively.
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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.
