In the global power industry, there were 55 private equity deals announced in Q1 2024, worth a total value of $5.6bn, according to GlobalData’s Deals Database. The $2.2bn institutional buy-out (ibo) Encavis by Elbe BidCo and Viessmann Werke 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, private equity deal activity decreased by 8% in Q1 2024 compared with the previous quarter’s total of $6.1bn and fell by 32% as compared to Q1 2023. Related deal volume decreased by 10% in Q1 2024 versus the previous quarter and was 30% lower than in Q1 2023.
Notably, renewable energy-related deals accounted for an 80% share of the global power industry’s private equity deal activity in Q1 2024, up 16% over the previous quarter.
The top-ranked financial advisors supporting these private equity deals in Q1 2024 were Lazard; Bonheur; Jefferies Financial Group with 3, 2, 2 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q1 2024 were Kirkland & Ellis; Latham & Watkins; Akin Gump Strauss Hauer & Feld with 6, 3, 2 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.
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