Buyout (LBO, MBO, MBI) • Retail

Southern Cross Group Acquires Project Ibiza

On September 1, 2008, private equity firm Southern Cross Group acquired retailer Project Ibiza

Acquisition Context
  • This is Southern Cross Group’s 2nd transaction in the Retail sector.
  • This is Southern Cross Group’s 7th transaction in Chile.

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M&A Deal Summary

Date September 1, 2008
Target Project Ibiza
Sector Retail
Buyer(s) Southern Cross Group
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Project Ibiza

Chile
Project Ibiza is a supermarket chain in Chile and the provider in each of the four regions in which it operates. Southern Cross created Supermercados del Sur by acquiring and consolidating six family-owned supermarket chains with leadership positions in markets throughout Southern Chile.
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Buyer Overview 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 Context for Buyer #
Overall 12 of 30
Sector: Retail 2 of 3
Type: Buyout (LBO, MBO, MBI) 12 of 23
Country: Chile 7 of 10
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 The Value Brand Co.

Argentina

The Value Brand Co. is a manufacturer and marketer of hair care and household cleaning products in Argentina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 S.I.N. Implant System

São Paulo, Brazil

S.I.N. Implant System is a provider of dental implant solutions and educational services for the dentist community in Brazil. The company manufactures the whole spectrum of products used by implantologists to perform dental implant procedures and makes significant investments on research to develop new products. S.I.N. Implant System was established in 2003 and is based in São Paulo, Brazil.

Buy -

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