The Carlyle Group to Acquire Cogentrix Energy (CG, GS)
[The Goldman Sachs Group provides investment banking, securities, and investment management services, as well as a range of financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide]
Online PR News – 08-September-2012 –The Carlyle Group LP (NASDAQ:CG) The Goldman Sachs Group, Inc. (NYSE:GS) CG reported today that its infrastructure fund has agreed to acquire from GS the North American power generation assets held by Cogentrix Energy, LLC (Cogentrix), which include five coal and solar power projects in Florida, Virginia, Colorado and California, as well as a development pipeline of gas and renewable power projects. The transaction includes the Charlotte, North Carolina-based Cogentrix team, including professionals who will continue to initiate new power generation projects and acquisitions as well as bring their power asset management and operating expertise to Carlyles future investment activity in the power sector. CG is a global alternative asset manager with $156 billion of assets under management across 99 funds and 63 fund of fund vehicles as of June 30, 2012. Carlyle's purpose is to invest wisely and create value. CG invests across four segments Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs 1,300 people in 32 offices across six continents. For more information about The Carlyle Group visit www.carlyle.com. GS provides investment banking, securities, and investment management services, as well as a range of financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide. For more information about GS visit www.gs.com.
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