At least 29 deal announcements in October 2022 of European targets included comments that indicated that environmental, social and governance themes were rationales for the transactions or discussed the parties’ commitment to ESG or sustainability, according to Mergermarket data. This amounted to 3.2% of all deal announcements for the month.
Among the past month’s major ESG-driven deals were the following:
Global energy and sustainability advisory firm Edison Energy LLC announced its acquisition of Alfa Energy Ltd., a UK-based energy and sustainability consultancy, with the aim to help the world's largest and middle-market corporate, industrial and institutional clients set and meet robust sustainability commitments and navigate the choices and opportunities that are emerging from the global transition to a net-zero future.
Ireland-based Origin Enterprises [LON: OGN] said that it is acquiring UK-based independent ecology solutions provider Keystone Environmental Limited, as they look forward to broadening their offering in sustainable land use.
Sage Intacct announced its acquisition of UK-based carbon accounting software firm Spherics Technology Ltd to help small and midsize businesses (SMBs) measure and cut their emissions and estimate the carbon footprint generated by their business so they can take action to cut it.
The Industrials sector continued to be the most active for ESG in October, accounting for about 31% of transactions in Europe, with Energy sector catching up with 28% of deals.
The Europe ESG Deal Digest is a roundup of M&A deal and private placement announcements from the preceding month that directly mention the acronym ESG or the word sustainability. Deal announcements are sourced from Mergermarket.
