Southern Cross Group Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Southern Cross Group has acquired 5 companies.

Southern Cross Group’s most common sectors for investment are retail (15%) and utilities (11%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (79%) and divestiture (11%). In total, Southern Cross Group has invested in 9 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Petrobras Energia - Chile Assets for $490M.

The Firm’s most common exit type is trade sale (34%). Southern Cross Group’s largest (disclosed) exit occurred in 2005 when it sold Net 1 Ueps Technologies for $335M.

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M&A Summary

  • M&A Total Activity34
    • M&A Buy Activity28
    • M&A Sell Activity6
  • Total Sectors Invested 18
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 7

Southern Cross Group

Av Libertador 602, Piso 5,
Buenos Aires, C1001ABT
Argentina
+54 11 5129-5400
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 ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.6/yr) # 20 3 4 1 - - 28
vol $53M $490M $543M
Sell (0.0/yr) # 6 - - - - - 6
vol $335M $335M
  34

Most Recent M&A

Company Date Value Type
Broadbandtech 2018-01-01 - Buyout (LBO, MBO, MBI)
Buenos Aires, Argentina · www.bbt.com.ar
Crezcamos S.A. 2017-06-01 - Buyout (LBO, MBO, MBI)
Bucaramanga, Colombia · www.crezcamos.com
Esmax ltda 2017-01-06 - Buyout (LBO, MBO, MBI)
Las Condes,, Chile · www.esmax.cl
Getronics Latam 2017-01-03 - Secondary Buyout
Bogota, Colombia · www.getronics-latam.com
Super xtra 2017-01-01 - Buyout (LBO, MBO, MBI)
Panama City, Panama · www.superxtra.com
Petrobras Energia - Chile Assets 2016-05-04 490M USD Divestiture
, Chile
Ecoser 2016-01-01 - Buyout (LBO, MBO, MBI)
Quilicura Santiago, Chile · Ecoser
VOLTA Chile 2016-01-01 - Buyout (LBO, MBO, MBI)
Quilicura, Chile · www.voltachile.cl
Tópico 2015-02-09 - Buyout (LBO, MBO, MBI)
São Paulo, Brazil · www.topico.com.br
Grupo Expansión S.A. de C.V. 2014-06-27 - Divestiture
Lomas Altas, Mexico · www.grupoexpansion.mx
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Grupo Expansión S.A. de C.V. 2014-06-27 Metros Cubicos, S.A. de C.V. 2015-04-25 1
Lomas Altas, Mexico · www.grupoexpansion.mx Mexico City, Mexico · www.metroscubicos.com

M&A by Sector

Sector Current # Value All-time # Value
Retail 3 (16%) - 4 (14%) -
Utilities 1 (5%) - 3 (11%) -
Business Services 1 (5%) - 2 (7%) 53M (10%)
Communications 1 (5%) - 2 (7%) -
Energy Services and Equipment 2 (11%) - 2 (7%) -
Environmental 2 (11%) - 2 (7%) -
Transportation 1 (5%) - 2 (7%) -
Distribution 1 (5%) 490M (100%) 1 (4%) 490M (90%)
Construction 1 (5%) - 1 (4%) -
Consumer Services - - 1 (4%) -
Financial Services 1 (5%) - 1 (4%) -
Information Technology 1 (5%) - 1 (4%) -
Life Science - - 1 (4%) -
Manufacturing 1 (5%) - 1 (4%) -
Medical Products 1 (5%) - 1 (4%) -
Oil/Gas Exploration - - 1 (4%) -
Publishing 1 (5%) - 1 (4%) -
Real Estate 1 (5%) - 1 (4%) -
Total 19 $490M 28 $543M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Chile 7 (39%) 490M (100%) 11 (41%) 490M (90%)
Argentina 2 (11%) - 4 (15%) -
Mexico 2 (11%) - 4 (15%) -
Brazil 3 (17%) - 3 (11%) -
Colombia 2 (11%) - 2 (7%) -
Bahamas 1 (6%) - 1 (4%) -
Panama 1 (6%) - 1 (4%) -
South Africa - - 1 (4%) 53M (10%)
Total 18 $490M 27 $543M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 13 (68%) - 22 (79%) 53M (10%)
Divestiture 3 (16%) 490M (100%) 3 (11%) 490M (90%)
Growth Capital 1 (5%) - 1 (4%) -
PIPE 1 (5%) - 1 (4%) -
Secondary Buyout 1 (5%) - 1 (4%) -
Total 19 $490M 28 $543M

Exits by Deal Type

Type Total # Value
Trade Sale 3 (50%) -
IPO 2 (33%) 335M (100%)
Stake Sale 1 (17%) -
Total 6 $335M

Deal Values

buy # Total
$100M to $1B 1 $490M
< $100M 1 $53M
TOTAL $543M
Largest Petrobras Energia - Chile Assets
$490M (2016-05-04)
sell # Total
$100M to $1B 1 $335M
TOTAL $335M
Largest Net 1 Ueps Technologies, Inc.
$335M (2005-08-08)

M&A Connections

Deals %
Acquired from
PE Firm(s)
40%
2 40%
Strategic(s)
60%
3 60%
Exited to
PE Firm(s)
33%
1 33%
Strategic(s)
67%
2 67%

Investor Summary

Size

Middle-Market

Established

1998

Specialist/Generalist

Generalist

Leadership

Norberto Morita

Co-founder & Partner

Ricardo Rodriguez

Co-Founder & Partner, President

Diego Stark

Partner

Marcos Mulcahy

Partner

Gonzalo Alende Serra

Partner & CAO

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