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Energy

News

Kanye Anderson Closes $820M Fund

Private equity fund prepares energy investment vehicle at a time when cleantech is getting increased interest.

GridPoint Charts Out M&A Course

The smart grid tech company hired an M&A pro and acquired an energy management software unit, signaling its focus on growth opportunities.

Lime Rock PIPEs Up

Deal with Allis-Chalmers is another in a growing line of listed entities that needed support from PE to get by.

Exelon Applies Full Court Press on NRG

The battle to subsume the target and create the country’s biggest power generation company hinges on whether NRG shareholders are willing to put Exelon picks on their board.

Mercanti Nabs Moelis CleanTech Pro

With a federal growth mandate in the US, cleantech is a burgeoning space and top talent is being tapped.

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Articles

Invesco WL Ross Forms Chinese JV

Wilbur Ross' and investment manager Invesco's investment partnership, Invesco WL Ross, has teamed up with China's Huaneng Capital Services for a new joint venture.

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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