Private equity group Quantum Capital will buy owner of natural gas power plants
Carlyle is selling one of the largest portfolios of natural gas power plants in the US for $3bn, amid a surge of investor interest in the energy sector linked to the soaring demand for electricity from digital networks. The US private equity firm will sell Cogentrix Energy to Quantum Capital Group, a Houston-based private equity group focused on energy investments. An announcement is expected on Monday.
This is an opportunistic purchase and we plan to support the growth of the business,” he told the FT. The transaction marks the latest in a flurry of dealmaking in the utility sector, where electricity demand is rising after two decades of stagnation.
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