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Diamond Castle Holdings Sells Wind Power

Duke Energy continues to make wind energy deals to bolster clean energy platform.

Sagent Recruits Energy M&A Banker

Thomas Rosén, while at BofA, advised on deals such as Iberdola SA's purchase of Energy East.

EIF Secures $985M For Kleen Energy Systems

Energy Investors Funds anticipates the Connecticut power plant will be completed by 2010.

Crestwood Midstream Swells with New Investors

Blackstone, subsidiary, joins Kanye Anderson investors to take ownership stake in energy firm.

Arlington Tankers May Seek Sale

The NYSE-listed oil transport company brought in Jefferies to pursue a strategic review.

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Articles

Buyers Targeting the Utilities

Washington-stage utility Puget Energy Inc. has a $3.1 billion debt load that nearly equals its total market capitalization, which, as of press time, stood at $3.4 billion. That's not the kind of capital structure that tends to attract financial buyers. Moreover, the red tape involved with deals in the utilities sector would normally turn off to potential suitors, as certainty can be difficult find in the space. With that said, Puget Energy took one step closer to its sale to Macquarie Infrastructure Partners earlier this month, when it received shareholder approval for the deal. While a potential transaction will still undergo months of scrutiny by regulators, the efforts of Macquarie, underscore the hurdles buyers are willing to cross to snap up properties in the sector.

Germany Accommodates EU-Based Buyers

The proposed legislation requiring more disclosures from foreign suitors of German companies faces changes that would make the deal approval process easier for foreign bidders based in EU member states.

EIF Buys 14 Plants

Energy Investors Funds has agreed to buy 14 Cogentrix Energy plants from The Goldman Sachs Group, Inc. The transaction is expected to close by the end of the calendar year and is subject to customary closing conditions, including receipt of regulatory approvals. The purchase encompasses 80 percent of Cogentrix's interest in 14 power projects totaling 2,336 net megawatts. Cogentrix will retain a 20% minority interest in the positions being sold. Cogentrix was acquired by Goldman Sachs in December 2003.

Time Is Ripe For Cypress To Sell SunPower?

The market is skeptical about a takeout of $5 billion market cap SunPower Corp., despite the lingering possibility Cypress Semiconductor Corp. will unload its majority ownership.

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