Southern Cross Group Mergers and Acquisitions Summary

Private Equity Firm Profile

Southern Cross Group’s most common sectors for investment areutilities (13%) and retail (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (78%) and divestiture (13%). In total, Southern Cross Group has invested in 8 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Esmax Distribucion for $490M.

In the last 3 years, Southern Cross Group has exited 3 companies. The Firm’s most common exit type is trade sale (31%). Southern Cross Group’s largest (disclosed) exit occurred in 2005 when it sold Lesaka Technologies for $335M.

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M&A Summary

  • M&A Total Activity44
    • M&A Buy Activity31
    • M&A Sell Activity13
  • Total Sectors Invested 17
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 12
  • M&A Advisors 1

Southern Cross Group

El Regidor 66 Floor, 16 Las Condes ,
Santiago,
Chile
+56 2 2666-5600
www.southerncrossgroup.com

Southern Cross Group is a private equity firm that seeks investment opportunities in Latin and South America. Southern Cross only invests in control situations and does not focus on any specific industry. Southern Cross Group was formed in 1998 and is based in Greenwich, Connecticut with additional offices in Argentina, Chile, Mexico, and Brazil.


Investment Criteria

Sectors of Interest: Communications, Construction, Consumer Products, Consumer Services, Distribution, Energy Services and Equipment, Environmental, Food, Healthcare Services, Information Technology, Leisure, Life Science, Manufacturing, Medical Products, Oil/Gas Exploration, Publishing, Retail, Safety/Security, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, PIPE

Geographic Preferences: Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.0/yr) # 31 - - - - - 31
vol $616M $616M
Sell (0.6/yr) # 10 - 1 1 1 - 13
vol $335M $335M
  44

Most Recent M&A

Company Date Value Type
Esmax Distribucion SpA 2024-03-01 - Trade Sale
Las Condes, Chile · www.esmax.cl
S.I.N. Implant System 2023-05-04 - Trade Sale
São Paulo, Brazil · www.sinimplante.com.br
Supermercados Xtra, S.A. 2022-01-13 - Sold to Management
Panama City, Panama · www.superxtra.com
Broadbandtech S.A. 2018-01-01 - Buyout (LBO, MBO, MBI)
Buenos Aires, Argentina · www.bbt.com.ar
Intellego, S.C. 2017-10-30 - Merger
Santa Fe, Mexico · www.grupointellego.com
Crezcamos S.A. 2017-06-01 - Buyout (LBO, MBO, MBI)
Bucaramanga, Colombia · www.crezcamos.com
Grupo Expansión S.A. de C.V. 2017-05-11 - Trade Sale
Mexico City, Mexico · www.grupoexpansion.com
Tars Holding, S.A.P.I. de C.V. 2017-01-03 - Secondary Buyout
Mexico, Mexico · www.axity.com
Supermercados Xtra, S.A. 2017-01-01 - Buyout (LBO, MBO, MBI)
Panama City, Panama · www.superxtra.com
Baker Commercial 2017-01-01 - Buyout (LBO, MBO, MBI)
Santiago, Chile · www.bakercomercial.cl
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Tars Holding, S.A.P.I. de C.V. 2017-01-03 Intellego, S.C. 2017-10-30 1
Mexico, Mexico · www.axity.com Santa Fe, Mexico · www.grupointellego.com

M&A by Sector

Sector Current # Value All-time # Value
Utilities 1 (8%) - 4 (13%) -
Transportation 2 (15%) 73M (100%) 3 (10%) 73M (12%)
Information Technology 1 (8%) - 3 (10%) 53M (9%)
Communications 2 (15%) - 3 (10%) -
Retail - - 3 (10%) -
Environmental 2 (15%) - 2 (6%) -
Oil/Gas Exploration 1 (8%) - 2 (6%) -
Real Estate 2 (15%) - 2 (6%) -
Distribution - - 1 (3%) 490M (80%)
Business Services 1 (8%) - 1 (3%) -
Construction - - 1 (3%) -
Consumer Products 1 (8%) - 1 (3%) -
Consumer Services - - 1 (3%) -
Financial Services - - 1 (3%) -
Life Science - - 1 (3%) -
Medical Products - - 1 (3%) -
Publishing - - 1 (3%) -
Total 13 $73M 31 $616M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Chile 4 (31%) - 11 (35%) 490M (80%)
Mexico 2 (15%) - 7 (23%) -
Brazil 3 (23%) - 4 (13%) -
Argentina 2 (15%) 73M (100%) 4 (13%) 73M (12%)
Colombia 1 (8%) - 2 (6%) -
Bahamas 1 (8%) - 1 (3%) -
South Africa - - 1 (3%) 53M (9%)
Panama - - 1 (3%) -
Total 13 $73M 31 $616M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 8 (62%) - 24 (77%) 53M (9%)
Divestiture 2 (15%) 73M (100%) 4 (13%) 563M (91%)
Growth Capital 1 (8%) - 1 (3%) -
PIPE 1 (8%) - 1 (3%) -
Secondary Buyout 1 (8%) - 1 (3%) -
Total 13 $73M 31 $616M

Exits by Deal Type

Type Total # Value
IPO 3 (23%) 335M (100%)
Trade Sale 3 (23%) -
Trade Sale - Public Company 2 (15%) -
Bankruptcy 1 (8%) -
Merger 1 (8%) -
Secondary Sale 1 (8%) -
Sold to Management 1 (8%) -
Stake Sale 1 (8%) -
Total 13 $335M

Top M&A Advisors

Legal Deals
Chadbourne & Parke LLP
1

Deal Values

buy # Total
$100M to $1B 1 $490M
< $100M 2 $126M
TOTAL $616M
Largest Esmax Distribucion SpA
$490M (2016-05-04)
sell # Total
$100M to $1B 1 $335M
TOTAL $335M
Largest Lesaka Technologies, Inc.
$335M (2005-08-08)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Strategic(s)
13%
4 (13%)
Exited to
Investor(s)
8%
1 (8%)
Strategic(s)
46%
6 (46%)

FAQ

When was Southern Cross Group founded?

Southern Cross Group was founded in 1998.

What type of investor is Southern Cross Group?

Southern Cross Group is a private equity firm.

Where is Southern Cross Group headquartered?

Southern Cross Group is headquartered in Santiago, Chile.

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