Ankura Joint Venture Index®: First Quarter 2022
AUGUST 2022 – In Q2 2022, there was a larger number of new, material joint ventures announced than in any prior quarter, with 14% more JV deals than Q4-2021, the next highest quarter on record. Not only were there a lot of deals, but big deals; a whopping 38% of material JV deals announced in Q2 were valued at over a billion U.S. dollars.
Many of these ventures target the problems that pepper headlines today: Europe’s reliance on Russian natural gas, climate change, and electric vehicles, just to name a few. For example, Dow took a minority stake in an LNG import terminal in Germany and Qatar selected four partners to help it expand LNG production in its North Field, which LNG it can send to Europe. At the same time, many existing high-profile consortia made significant changes in Q2, with Star Alliance adding non-airlines for the first time and many tech heavyweights like Intel, Micron, and Analog Devices joining MITRE Engenuity’s Semiconductor Alliance.