Carlyle – Acquisition of 30% stake in Cepsa

Global buyout house Carlyle has reportedly agreed to buy a 30 per cent stake in Spanish oil and gas major, Cespa from the Abu Dhabi sovereign wealth fund, Mubadala Investment Company. The deal will give Cespa an enterprise value of $12bn, which is almost the space amount the wealth fund was aiming for when it attempted a stock market listing last year, the newspaper added.