Energy

Transaction Advisory and M&A Support

NERA provides a range of impartial pre-transaction and transaction services. These include 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.

• Market assessment. We prepare detailed market assessments of the industries in which acquirers want to invest, including analyses of market structure, historical demand levels and near-term demand trends, the competition and supply dynamics and near term trends, barriers to market entry, and trends in cost structures and input markets.
• Investment search and selection. NERA helps clients filter acquisition opportunities, and identify investments with investment horizons and risk-reward profiles consistent with the client's investment criteria. We also work with clients to exploit investment opportunities arising from regulatory changes.
• Regulatory due diligence. NERA provides expert advice on all aspects of the regulatory environment and the likely trends and changes in the future. We use this knowledge to help acquirers understand regulators' views on transaction processes and industry structure.
• Economic due diligence. We provide a full range of economic due diligence services including price forecasting, asset valuation, audit of valuation models, and review of contracts. NERA also provides independent expert advice on regulatory and market risk for the lender's due diligence process, giving lenders a better understanding of the credit risk their financial assets face. We also support acquirers in their discussions with lenders and rating agencies.