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Private equity interest returns to O&G: EY
25% of PE firms plan acquisitions in the sector before the end of 2016 and 43% by the first half of 2017
Add BT as a preferred sourcePublished Fri, Jul 1, 2016 · 09:50 PM
Singapore
PRIVATE equity (PE) firms are readying to deploy capital in the global oil and gas (O&G) sector with 25 per cent planning acquisitions before the end of the year and 43 per cent by the first half of 2017, according an EY global survey of 100 PE firms active in the sector.
With US$971.4 billion of PE from June 2016 still to be deployed, EY's survey, "Capitalizing on opportunities: Private equity investment in oil and gas", reveals that PE firms are now preparing to increase investment in the sector.
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