In the US automotive industry, there were 44 M&A deals announced in Q1 2024, worth a total value of $1.4bn, according to GlobalData’s Deals Database. The $405.1m acquisition of Sogefi Filtration and Sogefi USA by Carta Acquisition France and Carta Acquisition US was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q1 2024 report provides an overview of merger and acquisition activity globally and identifies the themes driving the most notable deals announced in 2023 in the automotive industry. Buy the report here.
In value terms, M&A activity in the US increased by 125% in Q1 2024 compared with the previous quarter’s total of $621.5m and rose by 148% as compared to Q1 2023. Related deal volume increased by 57% in Q1 2024 versus the previous quarter and was 91% higher than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in the US in Q1 2024 were UBS Group; Eight Capital; Finhaven Capital with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in the US in Q1 2024 were Dorsey & Whitney; Weil, Gotshal & Manges; Blake, Cassels & Graydon with 2, 2, 1 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q1 2024 – Thematic Intelligence, buy the report here.
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