M&A Deal Summary

The Carlyle Group and Vitol Holding B.V. Acquire Varo Energy

On December 19, 2013, private equity firm The Carlyle Group and Vitol Holding B.V. acquired energy services and equipment company Varo Energy

Acquisition Highlights
  • This is The Carlyle Group’s 22nd and Vitol Holding B.V.’s 1st transaction in the Energy Services and Equipment sector.
  • This is The Carlyle Group’s 6th and Vitol Holding B.V.’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2013-12-19
Target Varo Energy
Sector Energy Services and Equipment
Buyer(s) The Carlyle Group
Vitol Holding B.V.
Deal Type Joint Venture

Target

Varo Energy

Zug, Switzerland
Varo Energy is a midstream energy company. Its business comprises refining, pipeline, storage and wholesale distribution, serving clients across North West Europe. Varo Energy is based in Zug, Switzerland.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 478 of 744
Sector (Energy Services and Equipment) 22 of 24
Type (Joint Venture) 5 of 6
Country (Switzerland) 6 of 8
Year (2013) 21 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Medanta

Gurugram, India

Medanta is engaged in the business of establishing, owning and managing hospitals to provide healthcare, pathology and other medical services. Medanta owns, manages and operates the super-specialty hospital ‘Medanta - the Medicity’. Medanta was founded in 2004 and is based in Gurgaon, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 ARINC

Annapolis, Maryland, United States

ARINC, Inc. provides communications, engineering and integration solutions for commercial and government customers worldwide.

Sell $1.4B
Buyer

Vitol Holding B.V.

Rotterdam, Netherlands
Category Company
Sector Energy Services and Equipment
Employees4,346
Revenue 303.0B USD (2012)
DESCRIPTION

Vitol is an energy trading company that ships petroleum products, ethanol, dry goods (coal, sugar), liquid natural gas and liquid petroleum gas, and chemicals around the world.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Joint Venture) 1 of 1
Country (Switzerland) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 VTTI

Rotterdam, Netherlands

VTTI is an independent global marine terminal businesses that, through its subsidiaries and partnership interests, owns and operates approximately 54 million barrels2 of petroleum products storage across 13 terminals located on five continents. VTTI is based in Rotterdam, Netherlands.

Sell -
Mergr

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