The Carlyle Group is in talks to buy energy-focused buyout shop Energy Capital Partners, according to the New York Times. Short Hills, New Jersey-based Energy Capital Partners has raised about $7 billion in equity funds. Carlyle has roughly $106.7 billion under management.
(Reuters) – Private equity firm Carlyle Group is in talks to buy energy-focused peer Energy Capital Partners, the New York Times reported, citing sources.
Talks between the private equity firms are continuing and could still fall apart, the paper said.
The companies could not be immediately reached for comment by Reuters.
Energy Capital Partners invests primarily in power generation, electric transmission, midstream gas and other energy markets.
Short Hills, New Jersey-based Energy Capital Partners has raised about $7 billion in equity funds, according to its website.
Carlyle, with about $106.7 billion worth of assets under management, is expected to file for an initial public offering. (Reporting by A. Ananthalakshmi in Bangalore)