Carlyle Acquires Altera Infrastructure's FPSO Business.

The Carlyle Group is acquiring Altera Infrastructure Group's FPSO business. Carlyle is a global investment company with three segments: Global Private Equity, Global Credit, and Global Investment Solutions. The acquisition will expand Carlyle's presence in the oil and gas industry.

The Carlyle Group, a global investment company, has announced its acquisition of Altera Infrastructure Group's FPSO business. Carlyle, with a presence in three segments—Global Private Equity, Global Credit, and Global Investment Solutions—will expand its footprint in the oil and gas industry through this strategic move [1].

The acquisition, subject to customary closing conditions and regulatory approvals, includes a diversified FPSO business that owns multiple FPSOs and one FSO. The portfolio includes notable assets such as the Petrojarl Kong FPSO and FSO Yamoussoukro, deployed in the Ivory Coast with Eni, which represents the first net zero emission upstream project in Africa. Additionally, the business benefits from a strong pipeline of future growth and redeployment opportunities [1].

Carlyle's investment will support the Altera FPSO business through its sector-specific investment team and available follow-on equity capital for accretive growth and M&A. The Carlyle team, known for its track record in successful carve-outs of energy assets, will leverage its expertise to optimize long-term performance and identify efficiencies across the portfolio [1].

Bob Maguire, Co-Head of Carlyle International Energy Partners II (CIEP II), stated, "This is a rare opportunity to acquire an established and high-quality FPSO business with a strong management team, operating track record, and long-term cashflows." Bendik Dahle, Managing Director on the CIEP investment team, added, "We are delighted to partner with Altera FPSO to further build out the business' scale and operations" [1].

Chris Brett, President at Altera Production, and Arne Hygen Tørnkvist, Executive Vice President - Projects, expressed their excitement about the partnership, noting that Carlyle's deep sector expertise and global network will allow them to optimize asset performance and execute on growth initiatives [1].

This acquisition aligns with Carlyle's purpose of investing wisely and creating value on behalf of its investors, portfolio companies, and the communities in which it operates. With $465 billion in assets under management as of June 30, 2025, Carlyle employs more than 2,300 people in 27 offices across four continents [2].

References:
[1] https://www.marketscreener.com/news/carlyle-to-acquire-altera-infrastructure-group-s-fpso-business-ce7c50d2dc89f320
[2] https://www.marketscreener.com/news/carlyle-to-acquire-altera-infrastructure-group-s-fpso-business-ce7c50d2dc89f22c