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Private equity giants to invest in North Sea

10 Jun 2015

Private equity giants Carlyle Group and CVC Capital Partners have signalled that they will invest heavily in the North Sea. This is driven by the belief that there is a significant amount of money to be made in the area following the collapse in oil price earlier this year.

Sam Laidlaw, a former head of Centrica Utility has been brought on by the companies to lead Neptune, a venture with an initial $5bn in the pot for large scale investments and acquisitions in areas including the North Sea.

Laidlaw has spoken about the launch of Neptune, stating that it had been timed to capitalise on the opportunities following the tumultuous few months within the oil and gas industry. As a result, Neptune expects to be able to facilitate deals at low prices within the North Sea as a lot of super majors restructure.