M&A Support and Financing

M&A Support and Financing

The transformation of the energy sector worldwide through privatization and deregulation is continuing to spur acquisitions and mergers, as well as direct investment, within countries and across national borders. NERA has worked with some of the largest energy companies in North America, Europe, Latin America and Asia to help them to understand both the upside potential and the downside risks associated with mergers and acquisitions.

We have provided a variety of services, including identifying potentially attractive markets and companies within those markets; valuing a proposed transaction; analyzing bidding, contracting, pricing, derivatives, incentive regulation and other alternatives for increasing revenues, decreasing risk or both; responding to potential challenges based on market power, regulatory policy or other public interest concerns; and assisting with negotiations and implementation.

Each of these services may comprise a number of different elements. Our work may address a series of questions such as:

  •  What regulatory changes might be forthcoming?
  • What are the prospects for reasonable returns in regulated activities?
  • Are regulators likely to require divestiture of some assets to address market concentration concerns?
  • What is the market for the assets being acquired, and what are their likely cash flows?
  • What current or prospective environmental constraints could affect operations and asset values?
  • What, if any, further changes in industry structure and in rules governing competitive activities are likely?
Name Title Location Phone Email
Sandra Ringelstetter Ennis Chief Operating Officer
Senior Managing Director
Chicago +1 312 573 2823
Oscar Arnedillo Senior Managing Director Madrid +34 91 521 0020
Richard Druce Senior Managing Director London +44 20 7659 8540
Sean Gammons Senior Managing Director London
+44 20 7659 8564
+49 30 700 1506 01
Dr. Jeff D. Makholm Senior Managing Director Boston +1 617 927 4540
Dr. Ramsey Shehadeh Senior Managing Director Washington, DC +1 212 345 6089
Kurt G. Strunk Senior Managing Director New York City +1 212 345 5035
Vakhtang Kvekvetsia Managing Director London +44 20 7659 8746
Dr. Laura T. W. Olive Director Boston +1 617 927 4588
Jonathan Falk Affiliated Consultant New York City +1 212 345 5315
Mike King Affiliated Consultant Denver
San Francisco
Washington, DC
+1 303 357 4781
+1 303 618 4915
+1 303 618 4915
Eugene Meehan Affiliated Consultant Washington, DC +1 202 466 9287
Dr. Michael Rosenzweig Affiliated Consultant Washington, DC +1 202 466 9231
Title Type Author
The Road to Mexico’s Self-Sufficient Energy Reforms Published Article Dr. Jeff D. Makholm, et al.
Fixing Local vs. National Public Interest Contests Requires a Full-Court Press in Con... Published Article Dr. Laura T. W. Olive
Success Strategies in New Japanese Electric Power Market Published Article Hans-Martin Ihle, et al.
Getting Ready for Competition in Japan: Lessons Learned from Abroad Published Article Sean Gammons, Willis Geffert, et al.