Colombian PE Shop Buys into Oil Company

Colombian private equity shop Tribecapital Partners has bought a 35% stake in local oil and gas exploration company PetroLatina for $25m. The acquisition was made through Tribecapital’s subsidiary Tribeca Oil and Gas, the firm says. The funds will provide PetroLatina with additional cash resources to cover outstanding liabilities and fund its operations in Colombia, Tribecapital says.