M&A Deal Summary

Southern Cross Group Acquires Project Eagle

On March 1, 2007, private equity firm Southern Cross Group acquired utilities company Project Eagle

Acquisition Highlights
  • This is Southern Cross Group’s 3rd transaction in the Utilities sector.
  • This is Southern Cross Group’s 5th transaction in Chile.

M&A Deal Summary

Date 2007-03-01
Target Project Eagle
Sector Utilities
Buyer(s) Southern Cross Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Project Eagle

Chile
Project Eagle is an energy project that involves the construction of a 350MW coal-fueled power plant in the Chilean Northern Energy System to serve mining clients.

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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 9 of 30
Sector: Utilities M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 23
Country: Chile M&A 5 of 10
Year: 2007 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 ESSBIO

Concepcion, Chile

ESSBIO provides evacuation and decontamination of sewage and industrial wastewater treatment services and it is the second-largest water utility in Chile, serving more than 3.5 million people. ESSBIO is based in Concepcion, Chile.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 GasAtacama S.A.

Las Condes, Chile

GasAtacama S.A. is the power generation company in the Chilean Northern Energy System ("SING"), which serves Chile's world-renowned mining industry.

Buy -