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Wrap Up

M&A Rose in Q3
The first three quarters of the year delivered the highest middle-market deal value for the period in five years

Experts Corner:

Growth in Construction Sector Spurs M&A
The construction products industry is fragmented, making it ripe for consolidation, explains Ridgemont Equity Partners’ Rob Edwards

The Buyside

Tax-Inversion Deals Increase Despite Criticism
Canada's 26.5 percent corporate tax rate is luring Burger King to ditch Miami headquarters

Special Report

Energy M&A on Fire in December

It's a holiday shopping rush of a different sort — a plethora of energy deals have been announced in December by strategic buyers and private equity firms alike. And the phenomenon will continue, explains Jones Day partner Jeff Schlegel. “There’s something for everyone in the market right now,” he tells Mergers & Acquisitions. Schlegel has advised numerous energy transactions recently, including Access Midstream Partners LP's (NYSE: ACMP) acquisition of Chesapeake Midstream Operating LLC for $2.16 billion and Chevron Pipeline Co.'s selling its Northwest Products Pipeline System to Tesoro Logistics LP (NYSE:TLLP) for $400 million. Though deals might slow down at the start of 2013 because so many are closing before 2012 ends, the demand for energy will stay strong, he adds. — ALLISON COLLINS

News

Rosneft

In Largest Energy Deal in Three Years, Rosneft Pays $56B for Russian Oil Co.

December 12, 2012 — TNK-BP was formed with BP’s Russian oil and gas assets, and those of Alfa Group, Access Industries and Renova

Spectra Energy

Spectra Fuels Energy M&A With $1.49B Pipeline Purchase

December 12, 2012 — Spectra Energy will buy the Express-Platte Pipeline System, which runs from Canada to Illinois

Tesoro Logistics

Tesoro Logistics Buys Pipeline for $400M

December 12, 2012 — Chevron Pipeline is selling off 760 miles of oil pipeline through the deal

Wanxiang Buys A123

Wanxiang Wins A123 Bankruptcy Auction

December 10, 2012 — Chinese firm's $256M bid for auto battery maker still requires approval from the Committee on Foreign Investment in the United States

Freeport-McMoRan

Freeport-McMoRan Spends $10.3B on Energy Assets

December 5, 2012 — The Phoenix-based company's acquiring of Plains Exploration and McMoRan contributes to a string of recent energy deals

Feature Story

Dean Colucci

Fracking Fuels Energy Deals

Foreign firms buy stakes in U.S. drilling companies; bankers set up shop in Houston. "It's fair to say everyone wants energy security, which means reducing reliance on imported oil and gas," says Dean Colucci, president of MLV& Co.