Latham Advises Carlyle on Sale of SierraCol Energy to Prime Infrastructure
Type: Sale · Technology: Oil Gas · Announced: 2026-03-12
Carlyle divested its stake in SierraCol Energy, a Colombian upstream oil and gas producer, to Prime Infrastructure. This acquisition marks Prime's strategic entry into the Latin American energy sector, diversifying.
Analysis
Carlyle is strategically divesting SierraCol Energy, an oil and gas asset, while simultaneously investing $350M in solar and storage projects across the United States and Australia. This move suggests a deliberate rebalancing of its energy portfolio towards renewable assets. Prime Infrastructure's acquisition expands its footprint within the energy sector. The transaction exemplifies private equity firms actively reshaping their asset holdings in the evolving energy landscape.
Key points
- Carlyle is divesting an oil & gas asset, SierraCol Energy.
- Carlyle has invested $350M in solar and storage.
- Carlyle's renewable investments span the United States and Australia.
- Latham & Watkins advised Carlyle on the sale.
Counterparties
- Latham & Watkins (Seller)
- Prime Infrastructure (Buyer)
- Carlyle (Seller)
- SierraCol Energy (Seller)