Global equity firm Carlyle invests in Great Offshore Ltd

Mumbai, July 27 (UNI) Global equity firm, Carlyle Group has invested USD 41.1 million in Mumbai-based Great Offshore Ltd.

The investment will come from the Carlyle Asia Growth Capital Partners that invests in high growth companies in India, China, Japan and Korea, a company release said here today.

Carlyle Growth Capital, (India) head and managing director Shankar Narayanan said, ''Great Offshore is well poised for a tremendous growth in size and profitability. We believe that the company has the potential to be a world-class player in its chosen segments.'' The Carlyle Group is a global private equity firm with USD 71.4 billion under management. Carlyle invests in buyouts, venture and growth capital, real estate and leveraged finance in Asia, Europe and North America.

Based in Mumbai, Great Offshore Ltd is an integrated offshore services provider offering a broad spectrum of services to oil and gas players to support their offshore E&P activities.

The company works with Indian and global E&P players including ONGC, Reliance, Cairn, Shell, British Petroleum, Exxon Mobil and Saudi Aramco, the release added.

UNI