Global infrastructure M&A activity has perhaps been the aspect of infrastructure investment most resilient to the financial crisis – and currently most active. Over seven years, investment levels have never dipped below the 2005 figure of around US$20 billion, reaching a period high of US$78 billion in 2007. Moreover, and, despite recording a slump post the 2008/2009 crash where investment levels fell to US$26 billion, M&A transactions rallied in the early part of the 2010 showing a year on year increase that culminated in nearly US$60 billion in investment in 2012.
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