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.
