Analysis of the key themes driving M&A activity reveals that renewable energy accounted for 286 power deals announced in Q1 2024, worth a total value of $27.6bn. The $7.3bn acquisition of NuStar Energy by Sunoco was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q1 2024 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, renewable energy-related deal activity increased by 13% in Q1 2024 compared with the previous quarter’s total of $24.5bn and fell by 33% as compared to Q1 2023. Related deal volume decreased by 15% in Q1 2024 versus the previous quarter and was 12% lower than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in Q1 2024 were KPMG International Coop; Deloitte Touche Tohmatsu; Lazard with 4, 3, 3 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Vinson & Elkins; Clifford Chance; CMS Legal Services EEIG with 8, 3, 3 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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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.
