Former U.S. editor

Financial buyers, on the lookout for assets with stable cash flows, accounted for over half the value of power and utilities M&A in the second quarter – the biggest proportion of total activity since the financial crisis.

Deals worth $47.9bn involving power and utilities companies were announced in the three months to July 30, up 84% on the previous quarter, according to Ernst & Young's Power Transactions and Trends report.

Financial buyers power utilities dealmaking

Over half of all M&A deals in the sector during the second quarter involved financial buyers, which are on the lookout  for assets with stable cash flows

Matt Turner

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