Financial Deal Insights Energy & Utilities December 2008

Ongoing market developments, particularly in terms of liberalization, have resulted in continued energy sector M&A. Datamonitor's monthly Financial Deal Insights series provides a concise yet comprehensive overview of this activity in the energy and utilities sector. It offers a unique insight into both deal activity, deal rationale and the market fundamentals driving the sector.

Scope

• Analysis through two deliverables analyst opinion on key deals (PDF brief), and monthly roundup with analysis of trends and drivers (PowerPoint)
• Insights into deal activity across M&A, private equity, private placement, IPO, secondary offering, and strategic alliance deals
• Analysis on all key sectors, namely upstream, midstream, downstream, power generation, utilities network, utilities retail, and wholesale energy
• Detailed analysis of the deal activity during the month, along with the trend for the last six months by deal volume and value

Highlights

To say that the M&A landscape has been volatile in 2008 would be an understatement. Record highs and 10 year lows in the oil market have been both the catalyst and the coolant acting on the M&A landscape over the past 12 months, in sharply contrasting ways.

Despite all the doom and gloom, cash-rich utilities should be able to pick up assets at low prices. Meanwhile, if poor credit conditions persist and demand continues to grow, those utilities with mature assets are likely to earn higher margins for them as infrastructure investment is delayed.

Ultimately, the utilities sector has suddenly become less certain while, simultaneously, a little more interesting for those willing to look outwards rather than presiding over the orderly management of decline.

Reasons to Purchase

• Understand which energy sectors are experiencing the most activity, and which type of investor, and advisor are playing the significant roles
• Find out how key deals are changing the competitive landscape of your business in various parts of the energy and utilities value chain
• Understand how companies in the energy and utilities industry are raising funds through capital markets, private equity, and private placement deals