Private equity giant Carlyle Group has clinched a sizeable stake in Spanish player Cepsa after closing an earlier-announced deal with Abu Dhabi state vehicle Mubadala Investment Company, writes Eoin O'Cinneide.
Closure of the deal has handed Carlyle a 37% interest in Cepsa, with Mubadala to retain the majority 67% share.
At that time, the precise size of the stake to be acquired by Carlyle was not revealed, although it was known to be between 30% and 40%.
