While the fourth quarter saw a decrease in deal activity, 2016 proved to be a robust year for power and utility merger and acquisition activity with 71 total deals worth $156.6 billion – an increase over the previous year. Generation asset deals (fossil, nuclear and renewable) contributed the highest share in deal volume and deal value this quarter. Infrastructure and generation asset deals are expected to continue in 2017.
Overall deal activity – both in deal volume and deal value – decreased significantly in the fourth quarter over the prior quarter. The average deal size also decreased. However, year over year, 2016 witnessed an increase in total deals – both in deal volume and deal value – by 51 percent and 134 percent, respectively. View our report to learn more about these trends and see the 10 deals that occurred in Q4 2016.
Source: Thomson Reuters, S&P Capital IQ, and PwC analysis