ECP related stories
All articles and analysis
Carlyle Powers Ahead With Energy Deals, FundCarlyle Group, with an energy portfolio of about $28 billion, has recently added six power plants to its Cogentrix platform. The firm is also raising an international energy fund with a target of $1.5 billion.
- Carlyle to Buy Six Power Plants in California, New Jersey
The Carlyle Group is buying the Red Oak power generation facility in Sayreville, N.J. from Energy Capital Partners. In a separate deal, Carlyle has also acquired five power plants in California. This includes the 122-MW Midway natural gas-fired plant in Firebaugh and the CalPeak portfolio of four natural gas-fired plants totaling 198 MW in Escondido, Firebaugh, San Diego and Vacaville, Calif. Starwood Energy Group Global is selling the Midway plant, while Blackstone's GSO Capital Partners, Starwood and Tyr Energy are selling the CalPeak portfolioio.
- England & Company Hires New Managing Director
England & Company said Thursday that it has named Corey Luskin as a managing director in its technology investment banking group. Luskin, who will be based in the company's New York City office, previously worked at Dresdner Kleinwort Wasserstein, Smith Barney, Landmark Ventures and the Garros Group, where he was a member of the founding team. A middle-market merchant bank, England & Company has offices in both Washington, D.C. and New York City.
Energy Capital Gears Up For Fund III; To Offer European WaterfallEnergy Capital Partners, which has raised more than $8 billion for investments in the North American energy market, plans to launch its third core fund this year targeting in the neighborhood of $4.3 billion and offering an LP-friendly distribution waterfall, a source close to the fund told sister magazine Buyouts. Expect a formal unveiling as early as this summer.
- PLH Forms New Utility Infrastructure Business
PLH Group, a portfolio company of private equity firm Energy Capital Partners, has launched Edison Power Constructors, Inc to deliver infrastructure services in the areas of electric transmission, substation, and distribution. Based in Phoenix, Arizona, Edison's immediate focus is to expand its capabilities and market position in the Western United States power market.
- Energy Capital Gears Up For Fund III; To Offer European Waterfall
Energy Capital Partners, which has raised more than $8 billion for investments in the North American energy market, plans to launch its third core fund later this year targeting in the neighborhood of $4.3 billion and offering an LP-friendly distribution waterfall, a source close to the fund told Buyouts. Expect a formal unveiling as early as this summer.
- Energy Capital Closes Buy of EnergySolutions
Energy Capital Partners has closed its buy of EnergySolutions. Salt Lake City-basd EnergySolutions, which provides nuclear commercial services, announced in January http://finance.yahoo.com/news/energysolutions-acquired-energy-capital-partners-140607114.html that it would merge with an Energy Capital subsidiary a deal valued at $1.1 billion or $3.75 a share. Energy Capital raised that offer http://www.reuters.com/article/2013/04/05/energysolutions-offer-idUSL3N0CS2HU20130405 to $4.15 a share in April.
- Summit Investments Launches Polar System
Summit Investments said on Friday that it has launched Polar System, which is is designed to gather 50,000 barrels of crude oil per day, in Williams County, North Dakota. Summit Investments (or Summit Midstream Partners, LLC) owns a 69% limited partnership stake in Summit Midstream Partners, LP, which is focused on exploring energy assets in North America. Summit Investments is headquartered in Dallas, TX with offices in Houston, TX, Denver, CO and Atlanta, GA.
PE-Backed PLH Group Buys PipeworxPLH Group Inc., which is backed by U.S. private equity firm Energy Capital Partners, has acquired Pipeworx Ltd. and its subsidiaries. Financial terms of the transaction were not announced. The Acheson, Alberta-based Pipeworx, founded in 2004, delivers infrastructure services to the oil and gas industry across the Western Canadian Sedimentary Basin.
March Madness Hits DealsCrazy may be hitting the M&A market. Deals in March slowed down but transaction values jumped.