PROFILE

CEPSA is a privately owned Spanish, fully integrated energy company. The company operates in many European countries (headquartered and mainly operated in Spain) as well as globally. CEPSA is involved in activities across the full supply chain of energy production, from exploration and production to refining and selling the product through their petrol stations. The investment is one of The Carlyle Group’s largest buyouts and is invested across multiple funds. 

Sienna Capital & CEPSA 

Sienna Capital committed USD 110 million alongside the Carlyle Group into CEPSA and USD 55 million into their second energy fund, CIEP II. 

VALUATION 

In accordance with Luxembourg law, the valuation of the assets will be performed, at the AIFM’s discretion, by the AIFM itself and with the support of such external agents as required from time to time. 

FINANCIAL YEAR 2019 

In October 2019, the acquisition of a 37% stake in CEPSA from Mubadala Investment Company was completed; Sienna Capital has exposure to this transaction through its commitment to CEPSA directly and indirectly through CIEP II. 

Website

https://www.cepsa.com/en 

Value of Investment (12/31/2019) 

€87m 

Business area

Fully Integrated Energy Company 

Registered office

Madrid, Spain 

Key Data from GBL Annual Report 2019 

https://www.gbl.be/en/media/3166/Annual_Report_2019.pdf