Darby Sells Termobarranquilla Stake

US-based private equity shop Darby Overseas says it has sold its 28.7% stake in Colombian power plant Termobarranquilla to Golden Gate Energy Investments, which is owned by a Colombian consortium. Terms were not disclosed. Darby, through its DLAMF I fund, acquired FirstEnergy Corp’s direct and indirect interests in Termobarranquilla in January 2004. The Termobarranquilla sale represents the tenth exit for DLAMF I, which now has 2 portfolio companies remaining. Darby has over $572bn in AUM.