Analysis of the key themes driving M&A activity reveals that big data accounted for 12 power deals announced in Q3 2024, worth a total value of $676.9m. The $500m acquisition of Undisclosed – 160 MW Operating Wind Farm – US from Undisclosed by ArcLight Capital Partners and SkyVest Renewables was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q3 2024 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, big data-related deal activity remained flat in Q3 2024 compared with the previous quarter and as compared to Q3 2023. Related deal volume increased by 50% in Q3 2024 versus the previous quarter and was 71% higher than in Q3 2023.
The top-ranked financial advisors supporting these M&A deals in 9M 2024 were Evercore; Guggenheim Partners; Houlihan Lokey with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in 9M 2024 were Latham & Watkins; Vinson & Elkins; Fried, Frank, Harris, Shriver & Jacobson with 3, 2, 1 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q3 2024 – Strategic Intelligence, buy the report here.
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