Analysis of the key themes driving M&A activity reveals that social responsibility accounted for 2 automotive deals announced in Q2 2023, worth a total value of $142.7m. The $142.7m minority acquisition of Anhui Ankai Automobile by JAC Motors was the industry’s largest disclosed deal. GlobalData’s Social Responsibility Trends in Automotive report focuses on social issues, and the growing pressure on automotive companies to act on social responsibility. It provides and overview of the global demographics in 2030. Buy the report here.
In value terms, social responsibility-related deal activity increased by 62% in Q2 2023 compared with the previous quarter’s total of $88.2m. Related deal volume increased by 100% in Q2 2023 versus the previous quarter.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were DLA Piper; Domanski Zakrzewski Palinka SPK DZP; Simmons & Simmons with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Social Responsibility Trends in Automotive – Thematic Intelligence, buy the report here.