Genel Energy Acquiring Capricorn Energy for $360 Million

DNO ASA to Acquire Capricorn Energy for $396 Million

September 1, 2026

Oil & Gas

DNO reached an agreement to acquire Capricorn Energy in a recommended all-cash transaction valued at approximately $396 million (fully diluted). The offer of $5.214 per share includes $4.224 per share in cash plus a planned special dividend of $0.99 per share, and it is intended to give DNO a major entry into Egypt, expanding beyond its North Sea and Kurdistan operations.

Constellation Energy Acquires Calpine from Energy Capital Partners

January 7, 2026

Energy

Constellation Energy completed its acquisition of Calpine Corporation from Energy Capital Partners (ECP) in a transaction valued at $26.6 billion, creating the largest U.S. electricity producer. The combined company pairs Constellation’s nuclear generation with Calpine’s natural gas and geothermal assets to serve 2.5 million retail and business customers nationwide.

Masdar Acquires 50% Stake in Terra‑Gen from Energy Capital Partners

October 1, 2024

Energy

Abu Dhabi Future Energy Company PJSC (Masdar) has closed the acquisition of a 50% stake in Terra‑Gen Power Holdings II, LLC from Energy Capital Partners, with Igneo Infrastructure Partners retaining the remaining 50%. The deal strengthens Masdar’s U.S. platform—Terra‑Gen operates ~3.8 GW of wind, solar and battery storage (5.1 GWh) across ~30 sites and has a 12+ GW pipeline—supporting Masdar’s U.S. expansion and broader 100 GW global target by 2030.

Vår Energi Acquires Neptune Energy Norge AS

January 31, 2024

Oil & Gas

Vår Energi ASA completed the acquisition of 100% of the shares in Neptune Energy Norge AS, strengthening its position on the Norwegian Continental Shelf and adding ~67 kboepd of production and ~265 mmboe of 2P reserves. The transaction was agreed at an enterprise value of USD 2.275 billion and closed on 31 January 2024 (effective date 1 January 2023); net cash consideration paid on completion (less cash in Neptune Norway) was approximately USD 1.2 billion. The deal increases Vår Energi's scale, operatorships and gas/LNG exposure and is inter-conditional with a separate transaction in which Eni acquires the remainder of Neptune's global assets.

Capricorn Investment Group Makes Strategic Minority Investment in SER Capital Partners

January 23, 2024

Financial Services

SER Capital Partners, a Redwood City-based middle-market private investment firm focused on sustainable industrial and renewable businesses, has received a minority growth investment from Capricorn Investment Group's Sustainable Investors Fund (Capricorn SIF). The partners at SER will retain control; Capricorn's investment will provide growth capital to expand SER's infrastructure, capital base, human capital and resources to support continued investment in sustainability-focused sectors. Financial terms were not disclosed.

Solveig Gas Norway AS Acquires Capricorn Norge AS from Capricorn Energy/Cairn

November 27, 2019

Oil & Gas

Solveig Gas Norway AS (Solveig) agreed to acquire the entire share capital of Capricorn Norge AS from Capricorn Energy Limited (part of Cairn Energy PLC) for USD 100 million, with an effective date of 1 January 2020. The deal gives Solveig a 10% stake in the Nova field (approx. 6,000 boe/d expected when production starts in 2021), operator capability for Norwegian exploration licenses, and expands its integrated E&P and gas infrastructure strategy.