Stonepeak, Bernhard Said to Near $6 Billion Deal for Cleco Power

A consortium including Macquarie Group Ltd. is nearing a deal to sell Louisiana utility Cleco Power to Stonepeak Partners LP and Bernhard Capital Partners for nearly $6 billion, according to...

By Josh Saul, Michelle F Davis · Bloomberg Markets

A consortium including Macquarie Group Ltd. is nearing a deal to sell Louisiana utility Cleco Power to Stonepeak Partners LP and Bernhard Capital Partners for nearly $6 billion, according to people familiar with the matter.