Bridgepoint Group has acquired Energy Capital Partners (ECP), a US-based alternative investment manager, in a bid to expand its infrastructure investment offerings.
The deal will create an enlarged group with an upfront enterprise value of £835m, made up of 235 million newly issued Bridgepoint shares, £233m of cash, and £179m of ECP’s existing debt.
ECP, which has raised over $30bn of capital since its inception in 2005, is active across North America in sectors such as power generation, renewables, battery storage, environmental infrastructure, and sustainability.
Image: Energy Capital Partners
Bridgepoint, which specialises in private equity and private debt, said ECP adds a “significant third pillar” to the business and accelerates its “strategy of scaling through both product and geographic diversification.
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Bridgepoint Group has expanded its infrastructure portfolio by acquiring US-based Energy Capital Partners (ECP) for an upfront enterprise value of £835m (€975m).
The deal will create a global alternatives firm with €57bn in assets under management. Bridgepoint’s strategic M&A and investing expertise will complement ECP’s sustainability sectors and adjacent strategies.
The acquisition will provide Bridgepoint with growth avenues and a diversified earnings profile, while ECP will benefit from Bridgepoint’s credit market and public equity currency. The deal is expected to close in Q4 2023, subject to regulatory approvals.
