Carlyle to acquire the FPSO business from Altera Infrastructure.

Carlyle, a global investment firm, agreed to acquire the Floating Production, Storage and Offloading business from Altera Infrastructure, an offshore energy infrastructure company. Financial terms were not disclosed. “This is a rare opportunity to acquire an established and high-quality FPSO business with a strong management team, operating track record and long-term cashflows. This portfolio benefits from long-term contracts, strong FPSO market fundamentals, and exposure to world-class operators which position it well for success," Bob Maguire, Carlyle Co-Head of CIEP.