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Tribeca Exits Colombia’s Termocandelaria Power Limited (en español)

May 15, 2015

(Press Release) Tribeca successfully sold its participation in Termocalendaria Power Limited to a group of previous minority stakeholders and institutional investors.

Tribeca concluyó exitosamente la venta de su participación en Termocandelaria Power Limited (TPL). Entre otras inversiones, TPL es dueña e indirectamente controla el 100% de las acciones de Termocandelaria S.C.A. E.S.P. y el 57.38% de las acciones de Termobarranquilla S.A. E.S.P. (TEBSA), dos compañías termoeléctricas ubicadas en la Costa Caribe colombiana y que, combinadas, representan el quinto generador de energía más grande de Colombia en términos de capacidad instalada.

Tribeca invirtió originalmente en Termocandelaria en 2009 y en Termobarranquilla en 2010. Tras una agresiva estrategia de mejoramiento operativo, de la eficiencia, de las instalaciones y de mantenimiento, la venta del 60.75% de TPL generó un múltiplo sobre capital invertido de 2.2 veces y una tasa interna de retorno bruta del 17% anual.

Con 60.75% de las acciones de TPL, Tribeca indirectamente controlaba el portafolio de generación de energía térmica más grande de Colombia (1.232MW), que, como resultado de esta transacción, pasa a manos de un consorcio integrado por accionistas minoritarios de TPL e inversionistas institucionales.

“Esta es nuestra tercera salida exitosa este año, con la cual se ha retornado un total de US$452 millones a los inversionistas desde 2007”, explica Luc Gerard, fundador y CEO de Tribeca.

Para el período 2014-2015 Termocandelaria y Termobarranquilla combinadas representan 13% del total de la capacidad instalada de generación del país (térmica más hídrica) y 27% de la capacidad térmica instalada. Termobarranquilla, la planta térmica más grande y una de las más eficientes de Colombia, cuenta con 918MW de potencia, genera energía permanentemente (entre 60% y 70% de su capacidad instalada) y produce alrededor de 40% de las necesidades de energía de la Costa Atlántica. Termocandelaria, planta que genera en situaciones de necesidad, cuenta con 314MW de potencia.

Tras un proceso de generación de valor basado en su visión de los sectores y en las condiciones puntuales de las empresas, una vez más Tribeca concluye exitosamente la venta de una de las compañías de su portafolio, atrayendo inversión extranjera y contribuyendo con el crecimiento económico en Colombia, así como generando un importante retorno para sus inversionistas.

BNP Paribas y Banicol actuaron como asesores financieros de Tribeca en esta transacción.

Tribeca Exits Colombia’s Termocandelaria Power Limited (en español) was last modified: May 18th, 2015 by Editor
ColombiaCosta AtlánticaEnergyTermobarranquillaTermocandelaria Power LimitedTribeca
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