Analysis of the key themes driving M&A activity reveals that batteries accounted for 37 power deals announced in Q4 2023, worth a total value of $2.1bn. The $462m majority acquisition of VinES Energy Solutions by VinFast Auto was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for 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.
In value terms, batteries-related deal activity increased by 31% in Q4 2023 compared with the previous quarter’s total of $1.6bn and fell by 82% as compared to Q4 2022. Related deal volume increased by 32% in Q4 2023 versus the previous quarter and was 20% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were JPMorgan Chase & Co; Rothschild & Co; Alexa Capital with 2, 2, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were CMS Legal Services EEIG; Burges Salmon; Allen & Overy with 4, 3, 2 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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