Analysis of the key themes driving M&A activity reveals that batteries accounted for 28 power deals announced in Q3 2023, worth a total value of $1.6bn. The $1.1bn acquisition of Alinta Energy (Newman Storage) and Alinta Energy Pilbara Holdings by APA was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q3 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.
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In value terms, batteries-related deal activity increased by 485% in Q3 2023 compared with the previous quarter’s total of $273.3m and fell by 45% as compared to Q3 2022. Related deal volume decreased by 26% in Q3 2023 versus the previous quarter and was 33% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were JPMorgan Chase & Co; Cortus Advisory; DNB Bank with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were CMS Legal Services EEIG; Baker & McKenzie; Burges Salmon with 3, 2, 2 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.
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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 Acquisition, Asset transactions and Mergers.
