Top 10 Financial Advisors in Power Industry in the World in 2021 by Deal Volume

Rothschild & Co SCA, Citigroup Inc, Barclays Plc, Morgan Stanley, and The Goldman Sachs Group Inc are among the top 5 financial advisors in the power industry in 2021 by deal volume. In terms of the geographic split, 5 out of 10 of the world’s top 10 financial advisors in the power industry are headquartered in North America, whereas the remaining 5 are based in Europe. They employed a total of 1,541,064 people in 2021. The EDP-Sunseap deal was one of the major deals in the power sector in 2021. Credit Suisse acted as the exclusive financial advisor, while Baker McKenzie Wong & Leow acted as legal counsel to EDPR. EDP Renovaveis (EDPR), a subsidiary of Energias de Portugal EDP.LS has acquired a 91% stake in Sunseap Group Plc, a renewable energy company from Banpu PCL, an energy company for SGD1,100 million. This acquisition enables EDPR to ensure a truly global reach and to address its increasing global client base while diversifying at the same time growth sources, and allowing for exposure to additional high-quality regulatory systems and resource environments. The deal was completed in Q1 2022. Blitz F21-842 AG-AKASOL deal was another major deal in the power sector in 2021. BofA Securities, Inc acted as the financial advisor, and Foley & Lardner LLP and Freshfields Bruckhaus Deringer provided legal advice to BorgWarner. Berenberg and PricewaterhouseCoopers International Ltd acted as financial advisors and Hogan Lovells acted as legal advisor to AKASOL. Blitz F21-842 AG, a wholly-owned subsidiary of BorgWarner Inc acquired 89.08% of AKASOL’s outstanding shares following the completion of the tender offer. As part of the agreement, a wholly-owned subsidiary of BorgWarner launched a voluntary public takeover offer at EUR120 per share in cash for all outstanding shares of AKASOL. The deal was completed in Q2 2021.