In the global power industry, there were 61 private equity deals announced in Q2 2024, worth a total value of $23.7bn, according to GlobalData’s Deals Database. The $6.2bn institutional buy-out (ibo) ALLETE by Canada Pension Plan Investment Board and Global Infrastructure Partners 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 increased by 323% in Q2 2024 compared with the previous quarter’s total of $5.6bn and rose by 109% as compared to Q2 2023. Related deal volume increased by 9% in Q2 2024 versus the previous quarter and was 27% lower than in Q2 2023.
Notably, carbon emissions-related deals accounted for an 89% share of the global power industry’s private equity deal activity in Q2 2024, up 26% over the previous quarter.
The top-ranked financial advisors supporting these private equity deals in H1 2024 were Jefferies Financial Group; KPMG International Coop; Lazard with 3, 3, 3 deals respectively.
The top-ranked legal advisors supporting these private equity deals in H1 2024 were Kirkland & Ellis; Latham & Watkins; Clifford Chance with 11, 6, 5 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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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.
