Millennium Post

2015 PE inflows in Asia-Pacific energy at $11.9 bn

Asia-Pacific remained one of the world’s busiest markets for energy M&As, witnessing 200 deals, while private equity investment in the region totaled $11.9 billion last year, says a report. According to the joint report by international law firm Eversheds and M&A intelligence service provider Mergermarket, private equity investment in the Asia-Pacific energy space totaled $11.9 billion in 2015, with 17 buyouts the best performance since 2007. Australia led the region by a considerable margin, with $10.2 billion spread across five buyouts. This was followed by India, with $920 million (four buyouts), and China, with $379 million (three buyouts). While private equity interest in oil and gas assets is picking up slightly, opportunities in clean energy assets and infrastructure are attracting greater attention, the report added. Ahead of the 2015 COP21 climate talks in Paris last December, India’s energy minister Piyush Goyal announced plans for a $1 billion private equity fund for the renewable energy sector. “A number of Indian clean energy companies were also the subject of private equity buyouts throughout the year, including a $600 million acquisition of Mumbai-based Continuum Wind Energy,” the report added. It said energy corporates were rationalising their operations in the Asia Pacific region driven by ongoing uncertainty toward global market conditions.
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