Global Infrastructure SherpaLatham Advises Carlyle on Sale of SierraCol Energy to Prime Infrastructure
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.
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Counterparts (4)
Seller
Carlyle
Carlyle has invested in two financing deals totaling $350M, focusing on the solar and storage sectors. Their investments span both the United States and Australia, acting solely as an investor in these transactions. They also have one deal in hydrogen.
Latham & Watkins
Latham & Watkins is a global law firm that advises businesses and institutions. They bring together legal talent in major jurisdictions to shape deals and resolve disputes.
SierraCol Energy
SierraCol Energy is a leading Colombian oil and gas exploration and production company, operating key assets including the Caño Limón field. Formed in 2020, it is a significant crude oil producer in the country.
Buyer
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Register free →Deal 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.
- 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.
Timeline
Announced
Mar 12, 2026
Signed
Closed
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