Carlyle International Energy Partners LP, a fund managed by The Carlyle Group L.P. (NasdaqGS:CG) agreed to acquire EnerMech Ltd. from Lime Rock Partners for £450 million on October 15, 2018. Carlyle will own complete 100% of EnerMech post completion. The transaction will be financed from all-senior rated loan. The loan is underwritten by Credit Suisse, Lloyds and DNB. The transaction is a platform investment for Carlyle. For year ended December 2017, EnerMech reported revenues of £361 million and EBITDA of £43.6 million. Doug Duguid, Chief Executive Officer and Michael Buchan, Chief Financial Officer of EnerMech will be retained on their current positions. The transaction is subject to customary anti-trust and regulatory approvals. As of November 2, 2018, deal received approval from Federal Trade Commission. Deal is expected to be completed in fourth quarter of 2018. Graeme Sloan of Morrison & Foerster acted as legal advisor to EnerMech Ltd. Lazard acted as financial advisor to EnerMech Ltd. Stuart Boyd, David Higgins, Mark Thompson, Anne Stroude, Miroslav Tomo, Alan Walker, Mark Ingram, Sam Trowbridge and Timothy Lowe of Kirkland & Ellis acted as legal advisors to The Carlyle Group. Citi acted as financial advisor to The Carlyle Group L.P. Wyvern Partners Limited acted as financial advisors for the management of EnerMech. KPMG acted as due diligence advisor in the transaction. Carlyle International Energy Partners LP, a fund managed by The Carlyle Group L.P. (NasdaqGS:CG) completed the acquisition of EnerMech Ltd. from Lime Rock Partners on December 18, 2018. John Kennedy has been appointed as the group’s chairman, with Joost Dröge and Bob Maguire, both managing directors and partners at Carlyle International Energy Partners (CIEP), and Philippe Boisseau joining the Board as non-executive directors. As of December 18, 2018, regulatory approval had been received.