In the global automotive industry, there were 16 private equity deals announced in Q3 2023, worth a total value of $403.8m, according to GlobalData’s Deals Database. The $145.3m investment by Temasek Holdings in Mahindra Electric Automobile was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Automotive Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, private equity deal activity decreased by 71% in Q3 2023 compared with the previous quarter’s total of $1.4bn and fell by 23% as compared to Q3 2022. Related deal volume decreased by 24% in Q3 2023 versus the previous quarter and was 24% lower than in Q3 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 38% share of the global automotive industry’s private equity deal activity in Q3 2023, up 33% over the previous quarter.
The top-ranked financial advisors supporting these private equity deals in Q3 2023 were Lincoln International; PricewaterhouseCoopers International; BCG- UK with 2, 2, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q3 2023 were Addleshaw Goddard; Jones Day; White & Case with 2, 2, 2 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q3 2023 – Thematic Intelligence, buy the report here.