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Announced

Completed

The Carlyle Group-backed Cogentrix Energy Power Management completed the acquisition of Altura Cogen.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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energy generation

Completed

Private Equity

Friendly

Domestic

Majority

Single Bidder

Acquisition

Conventional Electricity

United States

Private

Synopsis

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The Carlyle Group-backed Cogentrix Energy Power Management, an independent power producer and power generation asset manager, completed the acquisition of Altura Cogen, a 600 MW cogen facility that provides steam and electricity to Lyondell Chemical Company. Financial terms were not disclosed. "The acquisition is an excellent addition to the Cogentrix fleet, serving as a gateway to expand our footprint into the ERCOT market," John Ragan, Cogentrix CEO.

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