Stonepeak has announced a $10.1 billion acquisition of a majority interest in Castrol, with BP retaining a minority stake, aiming to support Castrol's growth in the lubricant market.

Information on the Target

The transaction involves the acquisition of a majority controlling interest in Castrol, a globally recognized leader in the lubricants industry. With an enterprise valuation of approximately $10.1 billion, the deal allows BP p.l.c. to maintain a 35% minority interest in the company. Castrol is renowned for its high-performance lubricants, which serve diverse customer segments, including automotive and industrial markets. The company operates about 20 blending plants and over 100 third-party facilities and warehouses across 150 countries, making it one of the largest lubricant providers worldwide.

Castrol has a rich history of 126 years, during which it has established ties to significant historical events, such as servicing the Concorde and supporting space missions. The company produces a variety of products including engine oils, industrial fluids, and greases, all formulated with advanced technology to cater to specific applications. Known for its innovation and premium quality, Castrol has a strong brand identity and is backed by a skilled workforce that drives its continued success.

Industry Overview in the Target’s Specific Country

The lubricants industry is an essential segment of the global finished lubricants market, characterized by a growing demand fueled by industrial and automotive applications. The global lubricant market is witnessing significant growth due to the incr