Service 04

M&A Transactions

Energy transactions carry value drivers that are easy to miss: regulation, commodity exposure, asset condition and the pace of the transition. We help buyers, sellers and investors see the whole picture before they commit.

Overview

How we help.

Our transaction advisory brings sector expertise to each stage of a deal. We help you identify the right targets, understand what they are really worth, and uncover the commercial, technical and regulatory issues that affect price and structure.

We work as part of your deal team, alongside your financial, legal and tax advisers. Our focus is on the questions specific to energy assets and businesses, so that the investment case you take to your board and your lenders is sound.

What we do

Where we work with clients.

Target screening and origination

Defining the investment thesis and building a shortlist of assets and businesses that fit it.

Commercial due diligence

Testing market assumptions, revenue outlook, contracts, competition and the quality of the business plan.

Technical and operational review

Coordinating the review of asset performance, condition, reserves or resource, and capital needs.

Valuation and deal structuring support

Building and challenging the models behind price, and advising on structures that allocate risk sensibly.

Regulatory and transition risk assessment

Identifying permit, policy and transition exposures that could affect value or closing.

Integration and divestment support

Planning day-one readiness, integration and value capture for acquirers, and preparing assets and information for sellers.

How we work with you

Our approach.

A clear, staged process with regular check-ins, so you always know where the work stands and what comes next.

  1. 1

    Define the thesis

    We agree what a good deal looks like, your valuation boundaries and the risks you are, and are not, willing to carry.

  2. 2

    Screen and engage

    We identify and approach targets, or prepare your asset for market, and manage early information flow.

  3. 3

    Investigate

    We run focused diligence on the questions that move value, and report findings clearly, with their effect on price and terms.

  4. 4

    Close and integrate

    We support negotiation, then help the combined business deliver the value the deal was meant to create.

What you receive

Outputs you can use.

  • An investment thesis and ranked target list
  • Commercial and technical diligence reports with clear red-flag summaries
  • Valuation models and sensitivity analysis you can interrogate
  • Input to negotiation positions and deal documentation, alongside your legal counsel
  • Integration or separation plans with owners and a value-capture tracker

Who we work with

Typical clients.

  • Strategic buyers and sellers of energy assets
  • Private equity and infrastructure funds
  • Developers raising capital or selling stakes
  • Lenders and financial institutions
  • Governments managing privatisations and asset sales

Talk to us about m&a transactions.

Share a few details and we will come back with how we would approach it.