In the Canadian power industry, there were 3 private equity deals announced in Q4 2023, worth a total value of $465m, according to GlobalData’s Deals Database. The $315.4m acquisition of stake in H2O Innovation by Canada, Montreal, Caisse de depot et placement du Quebec, Ember SPV I Purchaser, Investissement Quebec – Linear Alkyl Benzene (LAB) Plant – Becancour and Ontario Power Generation was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Power Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

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In value terms, private equity deal activity in Canada increased by 9200% in Q4 2023 compared with the previous quarter’s total of $5m and rose by 314% as compared to Q4 2022. Related deal volume decreased by 25% in Q4 2023 versus the previous quarter.

The top-ranked financial advisors supporting these private equity deals in Canada in Q4 2023 were Bank of Montreal; Desjardins Group; Houlihan Lokey with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these private equity deals in Canada Q4 2023 were Blake, Cassels & Graydon; McCarthy Tetrault; Norton Rose Fulbright with 2, 2, 2 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.

This content was updated on 8 January 2024

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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.