The Carlyle Group, a private equity company, agreed to increase its stake in VARO Energy, an energy company active in North West Europe. Financial terms were not disclosed. The transaction, which is subject to regulatory approval, sees Carlyle acquire the stake in VARO currently owned by Reggeborgh, a Dutch private investment company. Vitol Group’s shareholding in VARO remains unchanged. “We’re very pleased with the extended commitment of Carlyle towards VARO. The energy transition creates many significant opportunities and VARO is uniquely positioned to create value in these changing markets. I am excited for the company’s future, and the strong partnership with Carlyle and Vitol will be crucial to our ongoing success,” Roger Brown, VARO Energy Chief Executive Officer.