Carlyle sells holding in Tunisia-focused Mazarine Energy to CEO
LONDON, Oct 31 -Private equity giant Carlyle Group has sold its majority holdings in Tunisia-focused oil and gas producer Mazarine Energy to the company's CEO Edward van Kersbergen, Mazarine said on Thursday.
Carlyle International Energy Partners, the fund's non-U.S. energy investment arm, invested in Mazarine in 2016 as one of several of the fund's investments in oil and gas companies following the 2014 oil price crash. Private equity firm Ramphastos will also sell its stake in Mazarine to van Kersbergen.
"The transaction underscores Edward van Kersbergen’s deep commitment to the long-term success of Mazarine and sets the stage for the company’s continued expansion across Europe and Africa," Mazarine said.
The company, which operates in Tunisia and Romania, did not disclose the terms of the deal.
Carlyle in recent years sold several of its investments including North Sea producer Neptune Energy and Gabon-focused Assla Energy.
Reporting by Ron Bousso; Editing by Lisa Shumaker
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.