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  5. Southern Cross Group Acquires Atria Logistica

M&A Deal Summary

Southern Cross Group Acquires Atria Logistica

On November 17, 2016, private equity firm Southern Cross Group acquired transportation company Atria Logistica from Ultrapetrol for 73M USD

Acquisition Highlights
  • This is Southern Cross Group’s 3rd transaction in the Transportation sector.
  • This is Southern Cross Group’s 2nd largest (disclosed) transaction.
  • This is Southern Cross Group’s 3rd transaction in Argentina.

M&A Deal Summary
Date 2016-11-17
Target Atria Logistica
Sector Transportation
Buyer(s) Southern Cross Group
Sellers(s) Ultrapetrol
Deal Type Divestiture
Deal Value 73M USD

Target

Atria Logistica

Buenos Aires, Argentina
Atria Logistica is an operator of waterway logistics. Atria has a lean and efficient operation providing flexibility and sustainability in a volatile and competitive market. Atria Logistica is based in Buenos Aires, Argentina.

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Buyer(S) 1

Buyer

Southern Cross Group

Category Private Equity Firm
Founded 1998
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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.

DEAL STATS #
Overall 25 of 30
Sector (Transportation) 3 of 3
Type (Divestiture) 4 of 4
Country (Argentina) 3 of 4
Year (2016) 5 of 5
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 Intellego

Santa Fe, Mexico

Intellego is a Latin American company in the development of information management solutions and services. Intellego was founded in 1999 and is based in Santa Fe, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Super Xtra

Panama City, Panama

Super Xtra is a food retail chain in Panama with a strongly articulated “everyday low price strategy”. The company is focused on serving the growing low-middle class in Panama driven by the strong performance of the country’s economy. The company operates a network of 14 stores nationwide through an efficiently-run supply chain and logistics platform. Super Xtra was founded in 1990 and is based in Panama City, Panama.

Buy -

Seller(S) 1

SELLER

Ultrapetrol

Nassau, Bahamas
Category Company
Founded 1992
Sector Transportation
Revenue 363M USD (2014)
DESCRIPTION

Ultrapetrol is an industrial transportation company serving the maritime transportation needs of a diverse client base. Ultrapetrol was founded in 1992 and is based in Nassau, Bahamas.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
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