Global alternative asset manager The Carlyle Group, on Monday, announced an investment in Mazarine Energy B.V., an upstream oil and gas company with existing assets in Tunisia, which will also receive access to an equity line of up to $500 million to fund future bolt-on acquisitions in Europe, Africa and the broader Mediterranean region.
Capital for this investment and for the equity line will come from Carlyle International Energy Partners, a $2.5 billion fund that invests in global oil and gas exploration and production, mid- and downstream, oil field services and refining and marketing in Europe, Africa, Latin America and Asia. This acquisition will be the fifth investment by the fund.
Headquartered in The Hague, Mazarine Energy was founded by Edward van Kersbergen in 2013. Later that year, the company’s Tunisian subsidiary obtained operatorship of a permit in central Tunisia.
Marcel van Poecke, Head of Carlyle International Energy Partners, said: “Mazarine Energy has an experienced management team with a strong strategy, enabling them to find opportunities in the current climate. We have followed the company for some time, and are excited to partner with them to support their future growth plans.”
Edward van Kersbergen, Founder and CEO of Mazarine Energy, said: “We are delighted to welcome Carlyle as an investor. They have extensive experience on both the operational and investment sides and are ideally placed to work with us as we look to form a regional oil and gas platform in the coming years.”
