Investment Summary

Tribeca Asset Management Invests In Petrolatina Energy

On April 25, 2008, private equity firm Tribeca Asset Management invested in oil/gas exploration company Petrolatina Energy for 25M USD

Investment Highlights
  • This is Tribeca Asset Management’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Tribeca Asset Management’s largest (disclosed) transaction.
  • This is Tribeca Asset Management’s 1st transaction in the United Kingdom.
Investment Fate
  • Petrolatina Energy was sold to a publicly-traded strategic buyer in 2016 for 525M USD.

Investment Summary
Date 2008-04-25
Target Petrolatina Energy
Sector Oil/Gas Exploration
Investor(s) Tribeca Asset Management
Deal Type PIPE
Deal Value 25M USD

Target

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.

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Investor(S) 1

Investor

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 6 of 11
Sector (Oil/Gas Exploration) 2 of 2
Type (PIPE) 1 of 1
Country (United Kingdom) 1 of 1
Year (2008) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Termocandelaria S.C.A. E.S.P

Cartagena, Colombia

Termocandelaria S.C.A. E.S.P owns and operates a 334MW dual fuel power plant that operates in simple cycle. The plant includes two Westinghouse 501 FC combustion units; both units began commercial operations in 2000.

Buy -
Mergr

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