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Carlyle to Buy Cogentrix Energy Assets From Goldman Sachs

Sept. 7 (Bloomberg) -- The Carlyle Group agreed to buy energy assets from Goldman Sachs Group-backed Cogentrix, expanding its power asset management and operating expertise.

The assets include five coal and solar power projects in Florida, Virginia, Colorado and California, according to a statement today. The transaction includes Charlotte, North Carolina-based Cogentrix staff.

The value of the purchase wasn’t disclosed. The transaction, which requires regulatory approval, is expected to close during the fourth quarter of 2012.

Link to Statement:{NSN M9Z7W03V7U9W <GO>}

Link to Company News:{CG US <Equity> CN <GO>} Link to Company News:{GS US <Equity> CN <GO>}

To contact the editor responsible for this story: Jessica Resnick-Ault at jresnickault@bloomberg.net

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