1. Stonepeak, Bernhard Capital Near $6 Billion Cleco Power Acquisition as Macquarie Exits Louisiana Utility
Stonepeak Partners LP and Bernhard Capital Partners are closing in on a roughly $6 billion acquisition of Louisiana utility Cleco Power LLC from a consortium led by Macquarie Group Ltd., according to people with knowledge of the matter. The proposed deal would transfer ownership of a regulated electricity provider ser...