Analysis of the key themes driving private equity deal activity reveals that advanced materials accounted for 5 power deals announced in Q3 2023, worth a total value of $34.3m. The $34.3m investment by ShawKwei & Partners in Group14 Technologies 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.

Smarter leaders trust GlobalData

In value terms, advanced materials-related deal activity decreased by 81% in Q3 2023 compared with the previous quarter’s total of $183.9m and fell by 76% as compared to Q3 2022. Related deal volume increased by 25% in Q3 2023 versus the previous quarter and was 150% higher than in Q3 2022.

The top-ranked financial advisors supporting these private equity deals in Q3 2023 were Ernst & Young Global; Houlihan Lokey; Lazard with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these private equity deals in Q3 2023 were Latham & Watkins; GESSEL; Herbert Smith Freehills with 2, 1, 1 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.

Premium Insights


The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.


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.