(Bloomberg) -- Moelis & Co. Vice Chairman Eric Cantor says the advisory firm is seeing a revival of interest in energy deals as the invasion of Ukraine pushes the industry to the forefront of investors’ minds.
“In the energy sector there’s a lot interest right now,” Cantor said in a Bloomberg Television interview Thursday. That includes going “back into transition mode, which means natural gas,” he said.
Market conditions have slowed the completion of M&A, but deal activity should still remain strong, Cantor said. Private equity firms, in particular, are likely to keep deal-making.
Cantor -- a former Republican politician -- also criticized the Biden administration for rising energy prices. “It is indicative of the fact that the administration is flailing,” Cantor said. “Figuratively and literally they’re out of gas.”
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