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Rohatyn sells Colombian energy business interest to Empresa de Energi for $880m

8 Jul 2014

gas-valve-360536-mEmerging market investment firm Rohatyn Group has sold its minority stake in Colombian energy holding company Transportadora de Gas Internacional (TGI) to majority shareholder Empresa de Energia de Bogota.

The $880m stake was held by Rohatyn’s TRG Growth Fund II, which invested in the company in March 2011 to finance an expansion of TGI’s pipeline system.

TRG managing director Juan Pablo Pallordet said, “Through our partnership with EEB, we have made significant progress in increasing TGI’s capacity.

“We are proud of the successful exit and remain confident in the future prospects for the company under EEB’s leadership.”

TGI is the largest natural gas transportation company in Colombia with a network of 3,957 kilometers of pipelines and a total delivery capacity of 730 million cubic feet per day.

TRG has more than $6bn in private markets assets under management, in addition to approximately $1bn in liquid market strategies.

The firm recently bought Citi Venture Capital International, the emerging market private equity investment unit formerly owned by Citigroup.

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