Latham Advises on The Carlyle Group’s Acquisition of Occidental’s Onshore Portfolio in Colombia

Cross-border team represents global investment firm in significant energy transaction.

October 02, 2020

Latham advised long standing client, global investment firm, The Carlyle Group, on its acquisition of Occidental’s entire onshore portfolio in Colombia for a total consideration of approximately US$825 million, with US$700 million up-front. The transaction is subject to customary regulatory approvals and is expected to close in Q4 2020. 

The Latham team was led by London corporate partners Sam Newhouse and Simon Tysoe, with New York partner Tony Del Pino, and associates Hector Sants, Alan Rozen, Evelyne Girio, James Thomson, Amrita Ahuja, and Pierre-Axel Aberg. Advice was also provided on tax matters by New York partner David Raab and associate Anne McGinnis; on regulatory matters by Brussels partner Luca Crocco and associate Carlos Betoret; and on intellectual property / transition matters by London partner Deborah Kirk and associate Kirsty Watkins. 

Occidental was represented by White & Case, and Bracewell were finance counsel to CIEP.

 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.