In the global industrial goods & machinery industry, there were 62 private equity deals announced in Q1 2023, worth a total value of $622.4m, according to GlobalData’s Deals Database. The $104.4m investment by mirova in girasole energies 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 Construction Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

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In value terms, private equity deal activity decreased by 87% in Q1 2023 compared with the previous quarter’s total of $4.6bn and fell by 85% as compared to Q1 2022. Related deal volume decreased by 17% in Q1 2023 versus the previous quarter and was 33% lower than in Q1 2022.

Notably, foreign direct investments (fdi)-related deals accounted for a 16% share of the global industrial goods & machinery industry’s private equity deal activity in Q1 2023, registering a flat growth over the previous quarter.

The top-ranked financial advisors supporting these private equity deals in Q1 2023 were Houlihan Lokey; Mercantile Bank; Stifel Financial with 4, 2, 2 deals respectively.

The top-ranked legal advisors supporting these private equity deals in Q1 2023 were Barnes and Associates; CMS Legal Services EEIG; Jones Day with 3, 3, 3 deals respectively.

For further understanding of GlobalData's Construction Industry Mergers and Acquisitions Deals by Top Themes, 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.