JVs and Partnerships Rebound in September for Strong Third Quarter

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.

Ankura Joint Venture Index^®: Third Quarter 2022

Download

About the Authors

Lois Fernandes

Lois D’Costa Fernandes is a Senior Director at Ankura, where she leads the firm’s research and analytics on joint ventures and partnerships. Previously, Lois was a founding employee of Water Street Partners and prior to that was a core member of the Joint Venture Practice at McKinsey & Co. She has authored numerous articles on joint ventures and partnerships, including in MIT Sloan Management Review, Harvard Law School Forum on Corporate Governance, and the Journal of World Energy Law & Business.

Saadhika Sivakumar

Saadhika Sivakumar is a Senior Associate at Ankura, where she supports clients and manages the firm’s proprietary databases on joint ventures and partnerships. Leveraging Ankura's proprietary databases, market outlooks and repositories of best practices, Saadhika develops actionable perspectives on joint venture and partnership transactions and governance-related matters across a range of industries.

Tracy Branding Pyle

Tracy Branding Pyle is a Managing Director at Ankura who specializes in helping organizations navigate complex transactions, and, in particular, joint venture-related transactions. She works with a wide array of U.S. and international companies across industries to help them structure, negotiate, approve, and launch joint ventures to set these ventures up for success. She additionally advises on governance of individual joint ventures and portfolios of joint ventures to help companies to minimize risk, increase efficiencies, and find value. Prior to joining Ankura, Tracy practiced law at Hogan Lovells, where she advised clients on joint ventures, public and private mergers and acquisitions, and corporate governance matters. Tracy is based in Washington, DC.

James Bamford

James Bamford is a Senior Advisor at Ankura based in Washington, DC. He joined Ankura with the firm’s 2020 acquisition of Water Street Partners, which he co-founded in 2008. Water Street Partners has been independently ranked as the number one global advisor on joint ventures since 2017. Prior to Water Street, he was global co-lead of the Joint Venture & Alliance Practice at McKinsey & Company.

JVs and Partnerships Rebound in September for Strong Third Quarter

Authored By

Download

About the Authors

Lois Fernandes

Saadhika Sivakumar

Tracy Branding Pyle

James Bamford

Comments