Carlyle teams up with former Tullow executives to invest $1 billion in oil and gas in Africa
The investment firm is working with two former senior executives from the Irish oil company for its new venture, two years after the launch of Assala, also headed by another former executive from Tullow.
01/10/2019 at 15h45, by Aurelie Benoit
In setting up Boru Energy, a new investment fund named after the historic Irish king, American investment giant Carlyle has secured the talents of two former executives from Tullow Oil. The first, Aidan Heavey, is none other than the founder of the company currently valued at $3 billion on the London Stock Exchange. He was chairman until 2018 when he stepped down after 33 years at the helm. The second, Tom Hickey, was chief financial officer from 2000 to 2008 at the company which today holds over 50 licences on the continent.
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