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Mumbai, July 27 Global private equity firm The Carlyle Group has invested $41.1 million in Great Offshore Ltd. Great Offshore is one of the largest players in the offshore services market in India.

The investment will come from Carlyle Asia Growth Capital Partners, a $680-million fund that invests in high growth companies in India, China, Japan and Korea.

Great Offshore is an integrated offshore services provider offering a broad spectrum of services to oil and gas players to support their offshore E&P activities.

“Great Offshore is well poised for a tremendous growth in size and profitability, enabled by a strong management team, a relatively underleveraged balance sheet and a favourable macro environment.

“We believe that the company has the potential to be a world-class player in its chosen segments,” said Mr Shankar Narayanan, Managing Director and Head of Carlyle’s Growth Capital team in India.

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