In the North American power industry, there were 20 private equity deals announced in Q4 2023, worth a total value of $2.1bn, according to GlobalData’s Deals Database. The $1.2bn investment by Glentra Capital P/S, Novo Holdings and PKA in EnergyRe 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.

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In value terms, private equity deal activity in North America decreased by 13% in Q4 2023 compared with the previous quarter’s total of $2.4bn and fell by 86% as compared to Q4 2022. Related deal volume decreased by 29% in Q4 2023 versus the previous quarter and was 44% lower than in Q4 2022.

The top-ranked financial advisors supporting these private equity deals in North America in Q4 2023 were Houlihan Lokey; JPMorgan Chase & Co; KeyCorp with 6, 3, 3 deals respectively.

The top-ranked legal advisors supporting these private equity deals in North America Q4 2023 were Kirkland & Ellis; Latham & Watkins; DLA Piper LLP (US) with 11, 8, 4 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 Buyouts and Direct Investments done by Private Equity firms.