M&A Deal Summary

Quantum Capital Acquires Cogentrix Energy

On August 5, 2024, private equity firm Quantum Capital acquired renewable energy company Cogentrix Energy from The Carlyle Group for 3.0B USD

Acquisition Highlights
  • This is Quantum Capital’s 1st transaction in the Renewable Energy sector.
  • This is Quantum Capital’s largest (disclosed) transaction.
  • This is Quantum Capital’s 1st transaction in the United States.
  • This is Quantum Capital’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2024-08-05
Target Cogentrix Energy
Sector Renewable Energy
Buyer(s) Quantum Capital
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout
Deal Value 3.0B USD

Target

Cogentrix Energy

Charlotte, North Carolina, United States
Cogentrix Energy is an independent power producer with a long track record of successfully acquiring, developing, constructing, operating and improving power generation assets across the United States. Cogentrix Energy was founded in 1983 and is based in Charlotte, North Carolina.

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Buyer(S) 1

DESCRIPTION

Quantum Capital is a private equity investment firm that looks to make control investments in emerging and middle-market companies. The Firm looks to invest $5 to $100 million in businesses valued from $25 to $300 million. Quantum will consider a variety of transaction types including management buyouts, recapitalizations, and distressed situations. Quantum Capital was formed in 2004 and is based in Toronto, Ontario.


DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 1 of 1
Type (Secondary Buyout) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-09 Skyway Canada

Toronto, Ontario, Canada

Skyway Canada provides scaffolding and shoring solutions to commercial and industrial construction projects in Canada. Skyway Canada was founded in 1967 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 479 of 482
Sector (Renewable Energy) 4 of 4
Type (Secondary Buyout) 117 of 118
State (North Carolina) 11 of 11
Country (United States) 258 of 259
Year (2024) 7 of 10
Size (of disclosed) 10 of 136
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 DEE Piping Systems

Faridabad, India

DEE Piping Systems is a manufacturer of high pressure piping systems, induction pipe bends and pipe fittings for thermal power plant projects (gas, coal, nuclear), petroleum & natural gas projects, and process plant projects. DEE Piping Systems was founded in 1983 and is based in Faridabad, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-13 Vantive

Deerfield, Illinois, United States

Vantive is a global kidney care, offering products and services for peritoneal dialysis, hemodialysis, and organ support therapies, including continuous renal replacement therapy (CRRT). Vantive is based in Deerfield, Illinois.

Buy $3.8B