Deal activity by value related to cloud decreased by 28% year-on-year in 2022 in the power industry

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.

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).

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.

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.