M&A Deal Summary

Gran Tierra Energy Acquires Petrolatina Energy

On July 1, 2016, Gran Tierra Energy acquired oil/gas exploration company Petrolatina Energy from Tribeca Asset Management for 525M USD

Acquisition Highlights
  • This is Gran Tierra Energy’s 5th transaction in the Oil/Gas Exploration sector.
  • This is Gran Tierra Energy’s largest (disclosed) transaction.
  • This is Gran Tierra Energy’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-07-01
Target Petrolatina Energy
Sector Oil/Gas Exploration
Buyer(s) Gran Tierra Energy
Sellers(s) Tribeca Asset Management
Deal Type Add-on Acquisition
Deal Value 525M USD

Target

Petrolatina Energy

London, United Kingdom
website
Petrolatina Energy PLC is a private, independent oil and gas exploration, development and production company with a long-term focus on, and commitment to, Latin America. With operations in Colombia, PELE has certified 2P (proven and probable) reserves of over 64 million barrels of oil, with a daily gross production of close to 7,000 barrels.

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Buyer(S) 1

Buyer

Gran Tierra Energy

Calgary, Alberta, Canada

website

Category Company
Founded 2003
Sector Oil/Gas Exploration
Employees322
Revenue 711M USD (2022)
DESCRIPTION

Gran Tierra Energy is an international oil and gas exploration and production company headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. The Company currently holds interests in producing and prospective properties in Colombia, Peru and Brazil. Gran Tierra Energy was founded in 2003 and is based in Calgary, Canada.

DEAL STATS #
Overall 6 of 6
Sector (Oil/Gas Exploration) 5 of 5
Type (Add-on Acquisition) 4 of 4
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-12 Petroamerica Oil

Calgary, Alberta, Canada

Petroamerica Oil Corp. is an oil and gas exploration and production company. Petroamerica Oil Corp. is based in Calgary, Alberta.

Buy -

Seller(S) 1

SELLER

Tribeca Asset Management

Bogota, Colombia

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 380M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tribeca Asset Management is a private equity firm that invests in middle-market companies throughout Colombia and Latin America. The Firm seeks majority positions in profitable companies with proven track records, high quality products and services, and recognized brands. Areas of interest include healthcare, consumer products, energy, media/communications, and industrial goods/services. Prospective transaction situations include buyouts and growth capital financings. Tribeca Asset Management was formed in 2006 and is based in Bogota, Colombia.

DEAL STATS #
Overall 7 of 7
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-15 Termobaranquilla S.A. E.S.P.

Soledad, Colombia

Termobarranquilla S.A. E.S.P. is a thermal generator in Colombia, located on the Atlantic Coast, Atlántico Department, Municipality of Soledad. The plant has an installed capacity of 870 MW, which will shortly be expanded to 910 MW, and generates approximately 30% of the national electric power demand, it is able to provide the Atlantic Coast with all the power it requires in case of failures in national interconnection lines.

Sell -
Mergr

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