© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Carlyle International Energy Partners acquires Romanian business of Sterling Resources’ assets
Posted 1st April 2015

Carlyle International Energy Partners acquires Romanian business of Sterling Resources’ assets

Carlyle International Energy Partners acquires Romanian business of Sterling Resources' assets

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Carlyle International Energy Partners acquires Romanian business of Sterling Resources’ assets
Image

Carlyle International Energy Partners Acquires Romanian business of Sterling Resources

View Biography

The Carlyle Group

View Biography
Sterling Resources

Acquirer

Target

The Carlyle Group (NASDAQ: CG), has agreed to acquire the entire Romanian business of Sterling Resources Ltd.

The acquisition includes license blocks 13 Pelican, 15 Midia, 25 Luceafarul and 27 Muridava, and will be structured as a corporate acquisition of Sterling’s wholly-owned subsidiary Midia Resources SRL. These assets, located in the Romanian Black Sea, contain a number of significant gas discoveries and have net 2C Resources of 51mmboe and net Prospective Resources of 375mmboe.

Marcel Van Poecke, Head of Carlyle’s international energy team, said: “We are investing in the future of energy for South East Europe. Our team’s expertise and resources can help deliver the production capacity and infrastructure needed to ensure the company becomes a significant regional gas producer.”

In addition to the initial consideration paid for the acquisition of Midia, Carlyle International Energy Partners (CIEP) will also fund the future development of the assets, which is expected to constitute a sizable inward investment into Romania. The development project will focus on drilling, infrastructure construction, production and sale of gas to market. The current Midia team will remain in place, with additional resources added to deliver this important project, with the aim of the company becoming a significant regional energy player in the near term.

Capital for this investment will come from CIEP, a $2.5 billion fund that invests in global oil and gas exploration and production, mid- & downstream, oil field services and refining and marketing in Europe, Africa, Latin America and Asia. This acquisition will be the fourth investment by the fund. The transaction is expected to close by the end of the second quarter of 2015 subject to typical conditions, including statutory Romanian approvals and the consent of certain participants in the Romanian concessions.

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Financial Services Firms Update In-house Technology on a Reactive Basis
Finance
06/03/2019Financial Services Firms Update In-house Technology on a Reactive Basis

More than half (52%) of senior decision-makers in financial services organisations across the US and Europe, said they look to update or replace in-house solutions because they become technologically outdated. That’s according to a new in-depth study, commis

Read Full PostRead - Eye Icon
KPMG Capital Announces Equity Stake in Label Insight
Finance
11/02/2016KPMG Capital Announces Equity Stake in Label Insight

KPMG Capital today announced it has taken an equity stake in Label Insight, a leading provider of software-as-a-service (SaaS) data solutions providing powerful insights and strengthening the connections between Consumer Packaged Goods (CPG) brands, retailers

Read Full PostRead - Eye Icon
I Have a Unique Business. Can a Buyer Be Found?
News
07/11/2022I Have a Unique Business. Can a Buyer Be Found?

Putting your business on the market for sale is a considerable undertaking, regardless of its uniqueness. This is why it's essential to avoid the mistake of selling your business to the first investor or company that makes an offer. The search for the ideal bu

Read Full PostRead - Eye Icon
7 Best Accounts Receivable Platforms for 2025
Finance
21/08/20257 Best Accounts Receivable Platforms for 2025

Managing cash flow effectively is critical for any business, and accounts receivable (AR) platforms have become essential tools for ensuring payments are collected on time, processes are streamlined, and customer relationships remain strong. In 2025, these sol

Read Full PostRead - Eye Icon
Financing a Sustainable Future: High-Level Working Group On Green & Sustainability Sukuk Releases Its First Report
Corporate Social Responsibility
26/10/2022Financing a Sustainable Future: High-Level Working Group On Green & Sustainability Sukuk Releases Its First Report

Global green and sustainability sukuk issuance totalled $4.4 billion during the first half of 2022, following a record annual issuance of $6.1 billion in 2021, according to data published by the High-Level Working Group (HLWG) on Green and Sustainability Sukuk

Read Full PostRead - Eye Icon
Ann Taylor and Loft to be Acquired for $2.16bn
Finance
19/05/2015Ann Taylor and Loft to be Acquired for $2.16bn

One of America's largest women’s apparel companies has added two major brands to its line-up.

Read Full PostRead - Eye Icon
Within The Financial Space, What Is A Security?
Finance
14/01/2019Within The Financial Space, What Is A Security?

Whilst many have heard the term security before, equally many do not understand its implications as a noun. Within the financial space, a security is, put simply, a certificate or form of declaration which indicates that something is tradable, and therefore ha

Read Full PostRead - Eye Icon
Executive Coaching – the Secret of Sustained Success
Leadership
04/05/2016Executive Coaching – the Secret of Sustained Success

Executive Coaching helps inspire leaders to transform themselves and their people to improve business results and performance, by developing skills, confidence and focus.

Read Full PostRead - Eye Icon
Setting the Benchmark
Finance
01/11/2016Setting the Benchmark

CKLB was founded in 1998, is well-established and independently owned. As a medium sized firm, they pride themselves in their ability and commitment to provide a personal and tailor-made services for their clients.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow