M&A Deal Summary

Southern Cross Group Acquires Crezcamos S.A.

On June 1, 2017, private equity firm Southern Cross Group acquired financial services company Crezcamos S.A.

Acquisition Highlights
  • This is Southern Cross Group’s 1st transaction in the Financial Services sector.
  • This is Southern Cross Group’s 2nd transaction in Colombia.

M&A Deal Summary
Date 2017-06-01
Target Crezcamos S.A.
Sector Financial Services
Buyer(s) Southern Cross Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Crezcamos S.A.

Bucaramanga, Colombia
Crezcamos S.A. provides microfinance services to small businesses and entrepreneurial households in small cities, towns, and rural areas. The company has 110,000 clients, 62 branches, 550 commercial reps and a gross loan portfolio that exceeds US$85 million. Crezcamos was established in 2008 and is based in Bucaramanga, Colombia.

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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 27 of 28
Sector (Financial Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 21 of 22
Country (Colombia) 2 of 2
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 Grupo Expansión

Mexico City, Mexico

Grupo Expansión is a print and digital publisher. It edits and publishes 16 magazines and 10 websites, including Expansión, ELLE, Obras, Manufactura, IDC, Quién, InStyle, Quo, Chilango, Life & Style, Travel + Leisure, Revolution, MetrosCúbicos.com, CNNExpansión.com, Mediotiempo.com, ADNPolítico.com, and CNNMéxico.com. Grupo Expansión was formed in 1966 and is based in Mexico City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Broadbandtech

Buenos Aires, Argentina

Broadbandtech is an internet services provider in Argentina and a pioneer in providing triple-play services through agreements with third parties in cities of the interior of the country.

Buy -
Mergr

Product

Company

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