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PwC: North American Power & Utilities M&A Activity Up

According to PwC US’ quarterly deals snapshot – North American Power & Utilities Deals: Q3 2013, Merger and acquisition (M&A) activity in the North American power and utilities industry increased in the third quarter of 2013 on both a year-over-year and sequential quarter basis as dealmakers in the industry continue to consider opportunistic M&A to achieve strategic growth.

There were 12 power and utilities transactions greater than $50 million in the third quarter of M&A2013, compared to seven deals in the previous quarter and eight during the third quarter of 2012.  While volume increased, the total value of deals worth $50 million or more declined to $4.6 billion from $12.5 billion in the second quarter of 2013, largely due to one mega deal worth $10.4 billion in the second quarter.

Strategic investors accounted for 72 percent of deal value in the third quarter of 2013, compared to 100 percent in the second quarter, as the sector increased financial investor activity.

from PwC





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