Deals
Bridgepoint Joins Infrastructure Rush With ECP Takeover
- Deal values US energy transition specialist at £835 million
- Investors seeking PE firms offering ‘one-stop shop’ model
ECP’s holdings include a portion of Calpine Corp., which describes itself as the largest US generator of electricity from natural gas and geothermal resources.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Bridgepoint Group Plc has agreed to acquire infrastructure investor Energy Capital Partners, as the UK private equity firm moves to diversify its strategy mix.
The cash and stock deal values Summit, New Jersey-based ECP at £835 million ($1 billion) including debt, according to a statement on Wednesday. ECP will continue to operate under its current brand.