Conduit Capital Exits Three Co.s

Conduit Capital Partners LLC has completed the sale of two of its portfolio companies, Jamaica Energy Partners for $92.5 million and Mamonal for $17.5 million in Colombia. The firm also announced it has entered into a binding agreement to sell its 13.2% ownership stake in Aguaytia, one of its investments in Peru. BNP Paribas acted as exclusive financial adviser to Conduit on the sales. Latin Power I closed in 1993 with $100 million of committed capital, and Latin Power II closed in 1998 with $157 million of committed capital. Latin Power I and II, which invested in JEP in 1994 and 2000, respectively, both achieved a 23% IRR, with multiples of 4.4 and 3.4 times invested capital, respectively. With Mamonal, Latin Power I achieved a 17% IRR and 3.4 times its money.