ECP related stories
All articles and analysis
- Leonard Green Shops For Brand-Name Retailers At Bargain Prices
At its most basic level, private equity is about shopping. And while shopping for companies is very different than buying a tie at Neiman Marcus or a baseball glove at Sports Authority, the two pursuits have similar aims.
- Plotkin to Replace Azmy at NRG Energy
Nahla Azmy has left NRG Energy to become become MD-Investor Relations for Energy Capital Partners. Chad Plotkin, who has been with NRG Energy since 2007, will replace Azmy. He will be VP of Investor Relations at NRG.
- Strategic Value Partners Exits Liberty Electric
Strategic Value Partners, the Connecticut-based private equity firm, sold its ownership position in Liberty Electric Generation Holdings to Energy Capital Partners, the energy-focused PE shop. Liberty owns a facility that operates near Philadelphia. SVP began investing in Liberty Electric’s debt and acquired 100% equity in 2007. J.P. Morgan is acting as exclusive financial advisor to Liberty Electric and SVP, and Milbank, Tweed, Hadley & McCloy LLP is representing SVP on the sale. Barclays Capital is acting as financial advisor to ECP and Latham & Watkins LLP is representing ECP with respect to the announced transaction.
- Acorn Energy Sells CoaLogix for $101M
Acorn Energy, the listed, Delaware-based energy technology company, will sell its CoaLogix Inc. to private equity firm Energy Capital Partners, a PE firm focused on energy infrastructure. Acorn initially developed the company with an investment from EnerTech Capital Partners and CoaLogix executives in 2007, when it bought SCR-Tech LLC. Merriman Capital, Inc. advised Acorn Energy in connection with the transaction.
- Energy Capital Buys CoaLogix
Energy Capital Partners is buying CoaLogix Inc. from publicly traded Acorn Energy for $101 million. Acorn Energy currently owns approximately 65% of CoaLogix on a fully diluted basis, with the balance held by EnerTech Capital and CoaLogix management, the firm said in a release. CoaLogix is a provider of SCR catalyst and regeneration technologies, which reduce NOx for coal-fired electric utility power plants. Acorn created CoaLogix in November 2007.