In the British power industry, there were 50 M&A deals announced in Q4 2023, worth a total value of $5.9bn, according to GlobalData’s Deals Database. The $1.8bn acquisition of Smart Metering Systems by Sienna Bidco 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, M&A activity in the UK increased by 79% in Q4 2023 compared with the previous quarter’s total of $3.3bn and rose by 336% as compared to Q4 2022. Related deal volume increased by 61% in Q4 2023 versus the previous quarter and was 19% higher than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in the UK in Q4 2023 were Investec; Canaccord Genuity Group; PricewaterhouseCoopers International with 5, 3, 3 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in the UK Q4 2023 were Burges Salmon; TLT; CMS Legal Services EEIG with 6, 6, 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 Acquisition, Asset transactions and Mergers.