ECP related stories
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Energy: One of the richest areas for co-investments?The floodgates for fundraising and dealmaking have not fully reopened in a market that has come back from a downturn in commodity prices.
The rise of the African secondary buyoutWhat the increase in sponsor-to-sponsor transactions says about the growing private equity market.
Group led by Energy Capital to buy Calpine Corp for $5.6 billion: ReutersU.S. power producer Calpine Corp (CPN.N) said it would be bought by a group of investors led by Energy Capital Partners for $5.6 billion, as the debt-laden company struggles to keep up with depressed commodity prices.
CPPIB to invest in $5.6 bln buy of U.S. power producer CalpineCanada Pension Plan Investment Board has agreed to participate in the acquisition of Calpine Corp, a U.S. generator of electricity from natural gas and geothermal resources. The deal, led by http://investor.calpine.com/news/press-release-details/2017/Calpine-Agrees-to-be-Acquired-by-Investor-Consortium-Led-by-Energy-Capital-Partners/default.aspx U.S. private equity firm Energy Capital Partners, is valued at US$5.6 billion. It includes an investment by CPPIB of US$750 million. Established in 1984, Houston, Texas-based Calpine has 80 North American power plants with the capacity to generate about 26,000 megawatts of electricity. CPPIB Managing Director Avik Dey said the pension fund's investment will help expand its natural resources portfolio to include power and renewable assets.
- Energy investing: 5 charts that matter
Fundraising has slumped as LPs take a selective approach to the sector.
- PE-backed ProPetro debuts IPO
Midland, Texas-based ProPetro Holding Corp, an oilfield services company, has raised $350 million for its IPO after pricing its 25 million shares at $14 per share. The stock began trading March 17, 2017 on the New York Stock Exchange under the ticker symbol “PUMP.” Goldman Sachs and Barclays Capital Inc are serving as the lead underwriters. ProPetro is backed by Energy Capital Partners.
- PE-backed ProPetro sets IPO pricing terms
Midland, Texas-based ProPetro Holding Corp, an oilfield services company, has priced 20 million shares of its IPO between $16 and $19 per share. The stock will trade on the New York Stock Exchange under the ticker symbol "PUMP." Goldman Sachs and Barclays Capital Inc are serving as the lead underwriters. ProPetro is backed by Energy Capital Partners.
- Cleantech investing hits 10-year low
Just 33 transactions were completed in Q2, another sign that early-stage cleantech investing remains out of favor
- Dynegy to buy Energy Capitals 35% stake in Atlas JV
Dynegy Inc said June 15 that it plans to acquire Energy Capital Partners’ 35 percent stake in an Atlas joint venture they formed in February 2016. The value of the total transaction is $750 million. The deal includes ENGIE’s 9,058 megawatt U.S. fossil portfolio.