In the global automotive industry, there were 100 M&A deals announced in Q2 2023, worth a total value of $1.9bn, according to GlobalData’s Deals Database. The $295m minority acquisition of Aston Martin Lagonda Global by Zhejiang Geely Holding Group was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Automotive Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity decreased by 55% in Q2 2023 compared with the previous quarter’s total of $4.2bn and fell by 64% as compared to Q2 2022. Related deal volume decreased by 8% in Q2 2023 versus the previous quarter and was 29% lower than in Q2 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 29% share of the global automotive industry’s M&A activity in Q2 2023, up 15% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Benchmark Investments; Rothschild & Co; Stifel Financial with 2, 2, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were White & Case; CMS Legal Services EEIG; Freshfields Bruckhaus Deringer with 3, 2, 2 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.