Carlyle buys Energean gas assets in Mediterranean for $945 million
Carlyle Group is developing plans to form a new Mediterranean-focused oil and gas company after the private equity fund agreed to acquire Energean’s assets in Egypt, Italy and Croatia for up to $945 million.
The deal announced Thursday will allow the U.S. private equity fund to tap into the eastern Mediterranean gas market that has grown rapidly in recent years as gas demand in Egypt soars and Europe seeks alternatives to Russian gas, Reuters reports.
Carlyle International Energy Partners, which handles the firm’s non-U.S. energy investments, said the new company will upgrade existing assets and grow through acquisitions, the news agency said.
London-based Energean, whose main production comes from a gas facility off Israel’s Mediterranean coast, plans to expand to the wider Europe, Middle East and Africa region, Reuters said.
ADIA eyes Carlyle stake in Indian data centers
Abu Dhabi Investment Authority is among a handful of investors in formal talks with U.S. private equity firm Carlyle Group over the sale of a stake in Indian data centers.
ADIA, the biggest sovereign wealth fund in the Middle East, along with Singapore’s GIC and global private equity majors like KKR are in discussions on the sale of Carlyle’s 24% stake in Nxtra Data, the data center business of Indian telecom company Bharti Airtel, Moneycontrol reports.
Carlyle had picked up the stake in the company in 2020 for $235 million.
News of the potential deal comes amid a wave of interest in data centers by Gulf sovereign wealth funds. ADIA has earmarked billions of dollars over the last several years to deploy into this critical infrastructure amid the artificial intelligence boom.
In 2022, ADIA joined hands with Singapore’s SC Capital to deploy as much as $2 billion into data center infrastructure in developed Asian economies.
