Ankura Joint Venture Index®: First Quarter 2022
NOVEMBER 2022 – On the heels of a second quarter with more new JVs and partnerships formed than any other quarter since our tracking began in 2016, dealmaker exuberance was somewhat tempered in the third quarter. Still, a solid September rebound that saw deal volumes make a strong comeback suggests companies continue to view partnerships as critical for growth and innovation.
Prominent third-quarter deals included all sectors – from aerospace and defense partnerships rising with geopolitical tensions, to oilfield services firms joining forces to help clients increase efficiency while reducing emissions, to electric vehicle partnerships transforming the auto industry. In one of the quarter’s largest deals, 15 EU countries and 35 companies jointly funded $5.4 billion for hydrogen projects in the bloc focusing on hydrogen generation, fuel cells, storage, transportation, and related infrastructure.