Carlyle Group Sells Majority Stake in Mazarine Energy

LONDON – Private equity giant Carlyle Group (NASDAQ:CG) has sold its majority holdings in Tunisia-focused oil and gas producer Mazarine Energy to the company's CEO Edward van Kersbergen, Mazarine announced on Thursday.

Carlyle International Energy Partners, the fund's non-U.S. energy investment arm, had invested in Mazarine in 2016, following the 2014 oil price crash. Additionally, private equity firm Ramphastos will also sell its stake in Mazarine to van Kersbergen.

Mazarine stated, "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."

The company operates in Tunisia and Romania, but did not disclose the terms of the deal.

In recent years, Carlyle has sold several investments, including North Sea producer Neptune Energy and Gabon-focused Assla Energy.