Deals
Deal activity by value related to cloud decreased by 28% year-on-year in 2022 in the power industry
Credit: Bert van Dijk/Getty images.
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Analysis of the key themes driving deal activity reveals that cloud accounted for 188 power deals between 2018 and 2022, worth a total value of $23.3bn, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. The $570m private equity deal by Turn/River Capital was the largest disclosed deal in 2022, while the $1bn acquisition of Innovyze by Autodesk was the largest disclosed deal in 2021.
In value terms, cloud-related deal activity decreased by 28% year-on-year in 2022, whereas it declined by 79% year-on-year in 2021.
Deal activity related to cloud in the global power industry in the last five years
Top deals related to cloud in the power industry in the last five years
Deal volume by deal type for cloud related deals in the power industry in the last five years
Venture financing accounted for the highest number of deals in the last five years, with 82 deals, followed by acquisition (35 deals) and partnerships (25 deals).
Top financial advisors for cloud related deals by value in the power industry in the last five years
The top financial advisor supporting deals related to cloud in the power industry in the last five years in terms of value was J.P. Morgan Securities, followed by Goldman Sachs and BofA Securities.
Top legal advisors for cloud related deals by value in the power industry in the last five years
The top legal advisors supporting deals related to cloud in the power industry in the last five years in terms of value were Hunton Andrews Kurth, Davis Polk & Wardwell and Fried, Frank, Harris, Shriver & Jacobson.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
