Bridgepoint Group in London said it is evaluating a possible bid for Energy Capital Partners, commenting after a report that the private equity firm was negotiating a $1bn purchase with the energy transition investor.

In a statement citing media speculation on potential mergers and acquisitions, Bridgepoint confirmed that it is evaluating a number of possible strategic opportunities. The discussions, including those with Energy Capital Partners, remain at an early stage and may not result in a deal, Bridgepoint said.