In the Middle East and Africa power industry, there were 9 M&A deals announced in Q2 2024, worth a total value of $583.1m, according to GlobalData’s Deals Database. The $558.1m minority acquisition of EL Sewedy Electric by Electra Investment Holding RSC was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q2 2024 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 Middle East and Africa increased by 2875% in Q2 2024 compared with the previous quarter’s total of $19.6m and fell by 86% as compared to Q2 2023. Related deal volume decreased by 25% in Q2 2024 versus the previous quarter and was 40% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in H1 2024 were Deloitte Touche Tohmatsu; EFG Hermes; FRP Corporate Finance with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa in H1 2024 were DLA Piper International; Goldfarb Branham Law Firm; Meitar Liquornik Geva Leshem Tal with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q2 2024 – 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.
