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December 2, 2016

Energy & Power M&A Reaches 9 Year High

by Lucille Jones.

As November came to a close, Thomson Reuters Deals Intelligence explored the global energy and power M&A landscape, bringing context to the figures and comparing the sectors’ performance to past years.

With the announcement of Sunoco Logistics’ purchase of Energy Transfer Partners, this year’s announced M&A transactions targeting the energy & power sector total US$533.7 billion, up 12% from the value recorded during the same period last year and the highest year-to-date total since 2007.

Energy & Power is one of only two sectors to see an increase in the value of deals globally from last year. Most other industries have seen high double-digit declines as the value of worldwide announced M&A fell 18% from this time last year. The number of energy & power deals increased 4% from this time last year, making it the only sector to see both an increase in value and number of deals from YTD 2015.

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Energy & power is the most active sector so far this year, accounting for 16.7% of total worldwide announced M&A, compared to 12.2% last year.

One quarter of this year’s ninety-one mega deals (US$5+ bln) have been energy & power deals. Twenty-four deals have been announced in the sector so far this year, compared to fifteen deals at this time last year.

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  • The United States was the most targeted country by value, with deals worth a combined US$304.7 billion accounting for 57% of activity.
  • US acquirers dominated, with US$229.2 billion worth of deals involving a US acquirer, accounting for 43% of Energy & power M&A activity. 91% of these deals were domestic.
  • Energy & Power is the most active sector for cross border M&A, by value, so far this year. Cross border deals total US$191.4 billion, accounting for 36% of energy & power activity.
  • Goldman Sachs holds the top position for worldwide announced M&A advisory work in the energy & power sector so far during 2016, with US$174.0 billion worth of deals.

 

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