The Carlyle Group invests USD 41.1 million in Great Offshore Ltd

Mumbai, July 26 (UNI) Global private equity firm 'The Carlyle Group' has invested USD 41.1 million in Great Offshore Ltd.

Headquartered in Mumbai, Great Offshore is one of the largest players in the offshore services market in India.

The investment will come from Carlyle Asia Growth Capital Partners, a USD 680 million fund that invests in high growth companies in India, China, Japan and Korea. Further financial details are not disclosed.

In a statement, Mr. Shankar Narayanan, Managing Director and Head of Carlyle's Growth Capital team in India, said, ''Great Offshore is well poised for a tremendous growth in size and profitability, enabled by a strong management team, a relatively underleveraged balance sheet and a favourable macro environment. We believe that the Company has the potential to be a world-class player in its chosen segments.'' UNI