Analysis of the key themes driving M&A activity reveals that electric vehicles accounted for 10 power deals announced in Q4 2023, worth a total value of $1.7bn. The $767m minority acquisition of Eni Plenitude by Energy Infrastructure Partners 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.

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In value terms, electric vehicles-related deal activity increased by 11788% in Q4 2023 compared with the previous quarter’s total of $14.3m and rose by 6% as compared to Q4 2022. Related deal volume increased by 25% in Q4 2023 versus the previous quarter and was 29% lower than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Rothschild & Co; UBS Group; JPMorgan Chase & Co with 2, 2, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Kirkland & Ellis; Shearman & Sterling; Watson Farley & Williams with 2, 2, 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.

This content was updated on 8 January 2024

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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.