Frontera Energy Corp T.FEC

Regarding the sale of Frontera Energy

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Frontera Energy, a Toronto-based oil and gas company backed by Catalyst Capital Group, has hired Citi to explore a potential sale¹. The company has already received offers for the whole company and at least one for some of its blocks¹. Catalyst Capital Group, one of Canada’s largest private equity companies, has been trying to exit Frontera since at least 2022¹.

Frontera has interests in 31 exploration and production blocks in Colombia, Ecuador, and Guyana. It also owns 96.55% of Puerto Baha, a Colombian maritime liquid bulk and dry cargo terminal, and controls a 35% stake in the 146-mile Oleoducto de los Llanos Orientales pipeline¹.

In November, it was reported that Frontera was working with CIBC to study a potential divestment from Puerto Bahia¹. However, the CIBC-led mandate is not for a direct sale of the port facility but rather a capital raise seeking a co-investor to participate in the expansion of the facility¹.

So, while Catalyst Capital Group is exploring the sale of Frontera Energy, it’s not clear if they are breaking it up for a sale of its parts or selling it as a whole¹. The situation is fluid and subject to change based on market conditions and other factors¹.
 

Yes, the Macquarie Group, specifically Macquarie Asset Management (MAM), has shown significant interest in investing in Colombia. They have established a strategic alliance with Odinsa, the concessions company of Grupo Argos, to create an investment platform that will manage Odinsa’s current road assets in Colombia¹.

This partnership represents a clear sign of confidence in Colombia by Odinsa and Macquarie Asset Management¹. The partnership will initially manage Odinsa’s existing transportation projects in Colombia, which include Pacfico 2, Tnel Aburr Oriente, Autopistas del Caf, and Malla Vial del Meta, with a consolidated valuation that amounts to COP 4.3 trillion¹.

The partnership will also explore opportunities to create value through the development of new road projects in Colombia, Peru, and Chile¹. This new transportation infrastructure partnership is one of the largest in Latin America and represents a significant investment for roads infrastructure in Colombia and the region¹.

So, in summary, the Macquarie Group is indeed interested in investing in Colombia, particularly in the area of transportation infrastructure¹. 

Goldman Sachs is also assisting Frontera Energy with strategic alternatives for its Colombian infrastructure business¹. This move is part of Frontera’s focus on monetizing or spinning off infrastructure assets to unlock shareholder value¹. However, the specifics of these strategic alternatives, such as whether it involves selling the infrastructure business, are not detailed in the source. For the most accurate and up-to-date information, I recommend checking the latest news from reliable sources.