In the Asia-Pacific power industry, there were 100 M&A deals announced in Q3 2023, worth a total value of $9.7bn, according to GlobalData’s Deals Database. The $2.4bn minority acquisition of Avaada Energy by REC 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.
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In value terms, M&A activity in Asia-Pacific increased by 121% in Q3 2023 compared with the previous quarter’s total of $4.4bn and rose by 35% as compared to Q3 2022. Related deal volume decreased by 7% in Q3 2023 versus the previous quarter and was 12% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Asia-Pacific in Q3 2023 were Jefferies Financial Group; Power Finance; Samil PWC with 2, 2, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Asia-Pacific Q3 2023 were Baker & McKenzie; Herbert Smith Freehills; Linklaters with 2, 2, 2 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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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.
