Stonepeak, Bernhard to acquire Cleco; Optikos joins Artemis' portfolio

Deal Wrap is updated as of 3 p.m. ET.

– Stonepeak Partners LP and Bernhard Capital Partners Management LP are set to acquire Cleco Group LLC, which conducts its business operations through Cleco Power LLC, from a consortium comprising Macquarie Asset Management, British Columbia Investment Management Corp. and Manulife Investment Management. Stonepeak will hold the majority interest upon deal close. Greenhill served as financial adviser to Stonepeak, and Simpson Thacher & Bartlett LLP acted as legal counsel to Stonepeak and the buyer consortium. Centerview Partners LLC served as financial adviser and Latham & Watkins LLP acted as legal counsel to Bernhard. Goldman Sachs & Co. LLC and Moelis & Co. LLC served as financial advisers to Cleco, Macquarie Asset Management, British Columbia Investment Management and Manulife Investment Management, with Kirkland & Ellis LLP and Phelps Dunbar LLP acting as legal counsel.

– All Seas Capital announced the realization of its investment in Spain-based gym chain Synergym. Synergym International, the parent company of the Spanish business Synergym Holding, signed an agreement to be acquired by El Gym Iberia SLU, also known as VivaGym. The transaction is subject to regulatory approval and customary closing conditions. All Seas Capital was advised by Latham & Watkins. Synergym International and the shareholders were advised by Houlihan Lokey, Garrigues, and Van Campen Liem.

– Pelican Energy Partners LP acquired Environmental Alternatives Inc., a provider of environmental remediation and nuclear decontamination services. Reed Smith acted as legal counsel to Pelican Energy Partners, and McLane Middleton served as legal counsel to Environmental Alternatives.

– Artemis Capital Partners Management Co. acquired optical engineering and manufacturing services provider Optikos Corp. Mintz Levin Cohn Ferris Glovsky and Popeo PC provided legal representation for Artemis, and Houlihan Lokey served as financial adviser. Bigelow LLC served as financial adviser and Blank Rome LLP acted as legal counsel to Optikos.

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