M&A Deal Summary

Southern Cross Group Acquires Intellego

On August 18, 2016, private equity firm Southern Cross Group acquired information technology company Intellego

Acquisition Highlights
  • This is Southern Cross Group’s 2nd transaction in the Information Technology sector.
  • This is Southern Cross Group’s 6th transaction in Mexico.
Investment Fate
  • Intellego merged with another company in 2017.

M&A Deal Summary

Date 2016-08-18
Target Intellego
Sector Information Technology
Buyer(s) Southern Cross Group
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 1

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 24 of 30
Sector: Information Technology M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 23
Country: Mexico M&A 6 of 7
Year: 2016 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 Esmax

Las Condes, Chile

Esmax is a fuel distribution company in Chile. Esmax operates in the retail segment under the Petrobras Distribucion brand. Esmax manages 279 service stations, 130 with convenience stores. In addition, Esmax operates in the industrial, aviation and lubricants businesses, with a competitive infrastructure network across the entire country. Esmax is based in Las Condes, Chile.

Buy $490M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 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.

Buy $73M