Analysis of the key themes driving private equity deal activity reveals that energy transition accounted for 58 power deals announced in Q3 2023, worth a total value of $5.2bn. The $1.1bn institutional buy-out (ibo) Zenobe Energy by Infracapital Partners and Kohlberg Kravis Roberts & Co 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.
In value terms, energy transition-related deal activity decreased by 39% in Q3 2023 compared with the previous quarter’s total of $8.5bn and fell by 12% as compared to Q3 2022. Related deal volume increased by 2% in Q3 2023 versus the previous quarter and was 12% higher than in Q3 2022.
The top-ranked financial advisors supporting these private equity deals in Q3 2023 were Rothschild & Co; Lazard; PricewaterhouseCoopers International with 5, 4, 4 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q3 2023 were Kirkland & Ellis; Clifford Chance; DLA Piper with 8, 7, 6 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.