7
Stonepeak, a US investment firm that specialises in infrastructure and real-asset businesses, has agreed to buy a controlling stake in Castrol, one of the world’s biggest lubricants companies, in a deal valuing the business at about $10.1 billion (€8.49bn).
The pairing is a novel one. Castrol is a century-old industrial brand long associated with oil majors, mass-market motorists and the physical machinery of the global economy.
Meanwhile, firms like Stonepeak typically operate behind the scenes, buying stakes in toll roads, pipelines, ports and data centres rather than…
