A consortium comprising Stonepeak Partners and Bernhard Capital Partners is nearing an agreement to acquire Louisiana-based utility Cleco Power in a transaction valued at approximately $5.75bn to $6 billion, according to a report by Bloomberg citing unnamed people familiar with the matter.
The seller group includes Macquarie Group alongside British Columbia Investment Management Corp. and Manulife Investment Management. Sources said a deal could be announced as early as Monday, although none of...
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