Altera Infrastructure to sell its FPSO business to Carlyle
WESTHILL, United Kingdom, September 1, 2025
Altera Infrastructure (Altera) has entered into an agreement to sell its entire FPSO business to Global investment firm Carlyle. The transaction is subject to customary closing conditions and regulatory approvals.
The acquired business includes Altera’s full FPSO portfolio, the FSO Yamoussoukro and the 50% ownership in the Joint Venture Altera&Ocyan. Carlyle’s investment will support the Altera Infrastructure FPSO business and continue to build on a successful track record in redeployments.
Bob Maguire, Co-Head of Carlyle International Energy Partners, said: “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. Altera’s portfolio benefits from long-term contracts, strong FPSO market fundamentals, and exposure to world-class operators which position it well for success.”
Bendik Dahle, Managing Director on the Carlyle International Energy Partners investment advisory team, said: “We are delighted to partner with Altera Infrastructure to further build out the business’ scale and operations. We look forward to working closely with their strong management team to support the business in becoming a leading FPSO player globally through unlocking organic growth opportunities, M&A, partnering with operators on the delivery of their flagship upstream projects and supporting their decarbonization plans.”
Chris Brett, President Altera Production, and Arne Hygen Tørnkvist, Executive Vice President Projects said: “Partnering with Carlyle marks an important step forward in our journey. Carlyle’s deep sector expertise and global network in the energy space, combined with its scale and resources, will allow us to further optimize the long-term performance of our assets, identify efficiencies across the portfolio and execute on growth initiatives to scale the business. We are excited to partner with Carlyle and look forward to delivering for our clients in a rapidly evolving energy landscape.”
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About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $465 billion of assets under management as of June 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.
About Altera Infrastructure
Altera Infrastructure is a leading global energy infrastructure services group owned by Brookfield Asset Management’s private equity business, primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and West Africa.
Altera Infrastructure has consolidated assets of approximately $3 billion, consisting of offshore assets: floating production, storage and offloading (FPSO) units and floating storage and offtake (FSO) units. An additional three offshore units are managed through a joint venture. The majority of Altera Infrastructure’s fleet is employed on medium-term, stable contracts.
Media Contacts
Charlie Bristow
Carlyle
Charlie.Bristow@carlyle.com
+44 7384 513568
Maria Sjöstrand Blücher
Altera Infrastructure
+47 907 14 884