Macquarie Nears $6B Sale of Cleco Power to Stonepeak

Macquarie-led Group to Sell Cleco Power in a $6B Deal

A consortium led by Macquarie Group is reportedly close to selling the Louisiana utility company, Cleco Power, to a partnership of Stonepeak Partners LP and Bernhard Capital Partners. The deal is valued at nearly $6 billion.

Deal Overview

According to reports from Bloomberg News, the transaction value is estimated to be between $5.75 billion and $6 billion. The selling consortium also includes British Columbia Investment Management Corp. and Manulife Investment Management. An official announcement could be made imminently.

Market Implications

This potential acquisition highlights strong investor interest in regulated utility and infrastructure assets, which are often seen as sources of stable, long-term returns. The multi-billion dollar valuation underscores the significant capital being deployed into the energy infrastructure sector.

Transaction Summary

The finalization of this deal would mark a significant ownership change for Cleco Power. Market participants will be watching for the official confirmation and further details regarding the terms and regulatory approvals required for the sale.

FAQ

Q: Who is selling Cleco Power?
A: A consortium led by Macquarie Group, which also includes British Columbia Investment Management Corp. and Manulife Investment Management.

Q: What is the estimated value of the deal?
A: The transaction is valued at between $5.75 billion and $6 billion.

Source: Investing.com