Shenzhen Energy Co., Ltd has agreed to acquire an entity that controls China Hydroelectric Corporation for US$542.6 million two years after private equity firm NewQuest Capital Partners initially proposed to take the small Chinese hydroelectric power operator private. Shenzhen Energy, publicly listed in the same city, plans to pay US$492.6 million in equity, as well as US$50 million debt restructuring costs, for 100% of CPT Wyndham Holdings, the owner of China Hydroelectric, according to a regulatory filing. The deal will allow NewQuest to exit an investment it has held for a relatively short time via a profitable trade sale. In...