Ankura Joint Venture Index®: First Quarter 2022
MARCH 2023 – The heady days and nights of dealmakers working on joint ventures and partnerships show no signs of relenting. Bucking the year’s massive step-back in M&A, the volume of new joint ventures and partnerships remained strong across the year, with 2022 outpacing 2021 and breaking historic records.
Here are just a few highlights from our recap of 2022 and thoughts about the coming year:
- Overall, the global volume of material new joint ventures and non-equity partnerships increased by 25% compared to 2021, and enters 2023 with strong momentum
- Deals focused on preventing or mitigating adverse impacts of climate change comprised 67% of new JV and partnership volumes, up from only 19% three years ago
- JV and partnership deal activity heated up several industries – financial services, automotive & mobility, telecommunications, and oil & gas – each fueled by major underlying trends