Quantum Capital Group and its affiliates announced that it has entered into an agreement to acquire Cogentrix Energy (Cogentrix), a premier U.S. independent power producer, from funds managed by Carlyle (NASDAQ: CG) for a total consideration of approximately US$3 billion. The Cogentrix platform is comprised of 5.3 gigawatts of efficient and flexible natural gas-fired power plants, located throughout PJM, ERCOT, and ISO-NE, which support the reliability, resiliency, and affordability of the US electricity market.

Latham & Watkins LLP represents Carlyle and Cogentrix in the transaction with a corporate deal team led by New York partners David Allinson and Daniel Williams, with associates Daley King, Jonathan Kow, and Anny Yang. Advice was also provided on project development and finance matters by New York partner Warren Lilien, with associates Annelise Karreman, Kailash Gupta, Henry Miller, and Josh Lin; on tax matters by New York partner David Raab, with associates Ted Gkoo and Jacob Nagelberg; on benefits and compensation matters by New York partner Bradd Williamson, Chicago counsel Leah Segall, and New York counsel Sandra Benjamin, with associates Kevin Matheny and Sahar Merchant; on antitrust matters by Washington, D.C. partner Farrell Malone, with associate Doug Tifft; on energy regulatory matters by Washington, D.C. partner Tyler Brown; on real estate matters by New York counsel Shira Bressler, with associate Nick Steele; on intellectual property matters by New York partner Steven Betensky, with associate Victoria Allen; on environmental matters by New York partner JP Brisson and New York counsel David Langer, with associate Tal Carmeli; and on compliance matters by Washington, D.C. partner Erin Brown Jones.