In the Australian power industry, there were 7 M&A deals announced in Q3 2023, worth a total value of $1.3bn, according to GlobalData’s Deals Database. The $1.1bn acquisition of Alinta Energy (Newman Storage) and Alinta Energy Pilbara Holdings by APA was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q3 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, M&A activity in Australia increased by 762% in Q3 2023 compared with the previous quarter’s total of $150.9m and rose by 525% as compared to Q3 2022. Related deal volume decreased by 50% in Q3 2023 versus the previous quarter and was 65% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Australia in Q3 2023 were Capcora; Guggenheim Partners; Lazard with 1, 1, 1 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in Australia Q3 2023 were Baker & McKenzie; Herbert Smith Freehills; Hamilton Locke with 2, 2, 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.
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