M&A Deal Summary

Tribeca Asset Management Acquires Axede

On January 1, 2008, private equity firm Tribeca Asset Management acquired communications company Axede

Acquisition Highlights
  • This is Tribeca Asset Management’s 1st transaction in the Communications sector.
  • This is Tribeca Asset Management’s 4th transaction in Colombia.

M&A Deal Summary
Date 2008-01-01
Target Axede
Sector Communications
Buyer(s) Tribeca Asset Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Axede

Bogota, Colombia
Axede provides customized telecommunications solutions to information & communications technology operators including Communications Enabled Business Processes (CEBP). It also offers related services such as videoconferencing, contact center, and trading desk solutions, plus professional services and equipment rental, to over 2,500 clients in different fields, including finance, education, industry, and commerce. Axede was established in 1987 and is based in Bogota, Colombia.

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Buyer(S) 1

Buyer

Tribeca Asset Management

Bogota, Colombia

Investor Investor Investor Investor Investor

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 5 of 11
Sector (Communications) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 7
Country (Colombia) 4 of 9
Year (2008) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 LatcoDrilling S.A.

Bogota, Colombia

Latinamerica Drilling Colombia S.A. (LATCO) was founded by former executives of drilling companies operating in Colombia and a group of investors with extensive experience in the oil industry. The company specializes in drilling, workover, and completion of oil wells. Those services are provided under contract to hydrocarbon exploration and production companies, both local and multinational.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-25 Petrolatina Energy

London, United Kingdom

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.

Buy $25M
Mergr

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