Carlyle Group commits up to $500 million to India-focused Magna Energy

Led by Mike Watts and Jann Brown who have a combined 60 years of oil industry experience, Magna Energy is seeking to become a full-cycle oil and gas company through acquisitions and securing local licenses in the Indian sub-continent. The buyout shop is making the investment through its unit Carlyle International Energy Partners, a fund that focuses on oil and gas exploration and production.

Carlyle Group commits up to $500 million to India-focused Magna Energy source: http://finance.yahoo.com/news/carlyle-group-commits-500-million-034948455.html