We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The first-quarter activity remained flat compared with the same period last year, when there were 45 deals accounting for $34.6 billion in deal value, PwC said in a statement.
“Although deal activity has remained consistent year-over-year, we are beginning to see a softening of deal flow when compared to the past few quarters,” Rick Roberge, principal in PwC’s energy M&A practice, said in the statement.
On the other hand, the quarter also saw a “watershed moment” for private equity activity.
The volume of first-quarter private equity mergers and acquisitions reached 11 transactions valued at $11.5 billion, a 120-percent increase from the same period in 2011.
In the Rocky Mountain region, three oil and gas deals took place for a total deal value of $616 million during the first quarter, said Rowena Cipriano-Reyes, a Denver-based partner with PwC’s energy practice.
“In line with the national trend, we’re seeing the depressed price of natural gas also having an impact on deal activity locally,” Cipriano-Reyes said in the statement.