In the US power industry, there were 81 M&A deals announced in Q4 2023, worth a total value of $8.8bn, according to GlobalData’s Deals Database. The $2bn merger of OCA Acquisition and Powermers Smart Industries and Focus Impact BH3 Acquisition and XCF Global Capital was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for 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, M&A activity in the US increased by 363% in Q4 2023 compared with the previous quarter’s total of $1.9bn and fell by 68% as compared to Q4 2022. Related deal volume decreased by 9% in Q4 2023 versus the previous quarter and was 34% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in the US in Q4 2023 were JPMorgan Chase & Co; Citigroup; Cohen with 7, 6, 6 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in the US Q4 2023 were Kirkland & Ellis; Vinson & Elkins; Winston & Strawn with 19, 7, 7 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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