Analysis of the key themes driving private equity deal activity reveals that environmental sustainability accounted for 11 business & consumer services deals announced in Q1 2023, worth a total value of $1.2bn. The $1.1bn institutional buy-out (ibo) Atlas Technical Consultants by GI Partners was the industry’s largest disclosed deal.

In value terms, environmental sustainability-related deal activity increased by 225% in Q1 2023 compared with the previous quarter’s total of $369m and fell by 55% as compared to Q1 2022. Related deal volume increased by 10% in Q1 2023 versus the previous quarter and was 175% higher than in Q1 2022.

The top-ranked financial advisors supporting these private equity deals in Q1 2023 were Raymond James Financial; Altor Equity Partners; Bank of America with 2, 1, 1 deals respectively.

The top-ranked legal advisors supporting these private equity deals in Q1 2023 were Kirkland & Ellis; Jones Day; Falcon Rappaport & Berkman with 3, 2, 1 deals respectively.

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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 Buyouts and Direct Investments done by Private Equity firms.