US-based private equity firm Carlyle on Friday said it has invested $41 million in Great Offshore, a city-based service provider engaged in the oil and gas sector.
The investment has come through Carlyle Asia Growth Capital Partners, a $680 million fund."Great Offshore is well poised for a tremendous growth in size and profitability, enabled by a strong management team, a relatively under leveraged balance sheet and a favourable macro environment," Carlyle India Managing Director Shankar Narayanan said.
Carlyle Asia Growth Fund invests in 'high-growth companies' in India, China, Japan and South Korea. It works with ONGC, Reliance, Cairn, British Gas, Shell, British Petroleum, Exxon Mobil and Saudi Aramco in India and the Gulf.
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