Quantum Capital To Buy Cogentrix From Carlyle In $3 Bln Deal
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Quantum Capital Group has announced its agreement to acquire Cogentrix Energy from Carlyle Group for $3 billion. The deal is expected to close in late 2024 or early 2025, pending regulatory approvals. Quantum plans to grow Cogentrix's platform, focusing on gas-fired power generation, renewables, and battery storage. The acquisition is seen as a response to increasing electricity demand and the need for reliable and efficient power infrastructure. Guggenheim and Lazard served as financial advisors in the deal.
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