Carlyle Talks Acquisition With Energy Capital

Jul 8 2011 | 1:12pm ET

The Carlyle Group is in talks with fellow private equity firm Energy Capital Partners about acquiring the Short Hills, N.J.-based firm.

Negotiations between the two firms began about three months ago. It is not clear if a deal is imminent and the talks could still break down, according to published reports.

Energy Capital focuses on energy infrastructure assets, and last year raised $4.34 billion for its second fund. The firm, which also has an office in San Diego, has raised a total of about $7 billion since its founding in 2005 by Goldman Sachs veteran Douglas Kimmelman.

Carlyle is expected to go public later this year and has been aggressively pursuing acquisitions. News of the Carlyle-Energy Capital talks was first reported by The New York Times.

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