Carlyle Group Targets Oil & Gas Acquisitions in Africa of Up to $1bn

The Carlyle Group says it will partner with former Tullow Oil executives Aidan Heavey and Tom Hickey, through a new platform called Boru Energy, to target acquisitions of up to $1 billion across Sub-Saharan Africa, according to an emailed statement.

* Portfolio will be spread across Sub-Saharan Africa countries;
** Funding for potential investments will come from Carlyle International Energy Partners;
* Goal will be to assemble a portfolio of primarily non-operated interests in oil & gas production assets. Source: Bloomberg