Bridgepoint Joins Infrastructure Rush With ECP Takeover (1)

Bridgepoint Group Plc has agreed to acquire infrastructure investor Energy Capital Partners, as the UK private equity firm moves to diversify its strategy mix.

The cash and stock deal values Summit, New Jersey-based ECP at £835 million ($1 billion) including debt, according to a statement on Wednesday. ECP will continue to operate under its current brand.

“Having the right scale is important in an industry like this when you go in front of some of the largest investors,” Bridgepoint Chairman William Jackson said in an interview. “With this deal, we have an interesting proposition which not many middle-market focused ...