Bloomberg Private equity firm Energy Capital Partners and a consortium of investors struck a deal to buy US power generator Calpine Corp. for $5.6 billion in cash. Calpine investors will get $15.25 a share, the Houston-based company said in a statement, 13 percent more than the closing price. Including debt, the deal is valued at more than $17 billion. The ...

Bloomberg Blackstone Group LP’s reach for $10 billion in energy assets is the firm’s latest bet that the US shale boom is just hitting its stride. The world’s largest alternative-asset manager agreed to buy Harvest Fund Advisors for an undisclosed amount, adding the firm’s 18-member team led by Eric Conklin to an investment empire that spans private equity, real estate, ...

Bloomberg China formally laid down new rules on overseas investments, making explicit its de facto campaign against “irrational” acquisitions of assets in industries ranging from real estate to hotels and entertainment. The authorities set out three categories—banned, restricted and encouraged—while backing companies to support the nation’s ambitious “Belt and Road” initiative backed by President Xi Jinping, the State Council said. ...