Analysis of the key themes driving M&A activity reveals that environmental sustainability accounted for 301 power deals announced in Q1 2023, worth a total value of $25.5bn. The $7.5bn acquisition of Evoqua Water Technologies by Xylem was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q2 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, environmental sustainability-related deal activity decreased by 29% in Q1 2023 compared with the previous quarter’s total of $36bn and rose by 715% as compared to Q1 2022. Related deal volume decreased by 4% in Q1 2023 versus the previous quarter and was 584% higher than in Q1 2022.

The top-ranked financial advisors supporting these M&A deals in Q1 2023 were Ernst & Young Global; Goldman Sachs Group; Guggenheim Partners with 3, 3, 3 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q1 2023 were Watson Farley & Williams; CMS Legal Services EEIG; Kirkland & Ellis with 6, 4, 4 deals respectively.

To further understand GlobalData's analysis on Power Industry Mergers and Acquisitions Deals by Top Themes in Q2 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.