Quantum Capital Group has announced its agreement to acquire Cogentrix Energy, a leading independent power producer in the U.S., from Carlyle Group for approximately $3 billion. This acquisition includes a portfolio of 5.3 gigawatts of natural gas-fired power plants located across key U.S. electricity markets, including PJM, ERCOT, and ISO-NE. The deal aims to enhance the reliability and affordability of the U.S. electricity supply.

Latham & Watkins LLP is representing both Carlyle and Cogentrix in this transaction. The corporate deal team is led by New York partners David Allinson and Daniel Williams, supported by associates Daley King, Jonathan Kow, and Anny Yang. The firm has also provided extensive advice on various aspects of the deal, including project development, finance, tax, benefits, compensation, antitrust, energy regulation, real estate, intellectual property, environmental issues, and compliance.

The multidisciplinary approach of Latham & Watkins highlights the complexity of the transaction, ensuring that all legal and regulatory considerations are addressed. This acquisition marks a significant move in the energy sector, reflecting ongoing trends in private equity investments in renewable and efficient energy sources.

In related news, other firms have been active in the private equity space, with Weil advising on Occidental Petroleum's $5 billion notes offering, and Freshfields assisting CVC Capital Partners IX in a $925 million acquisition. These developments indicate a robust environment for private equity transactions, particularly in the energy and infrastructure sectors.

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