M&A Deal Summary

Southern Cross Group Acquires VOLTA Chile

On January 1, 2016, private equity firm Southern Cross Group acquired environmental company VOLTA Chile

Acquisition Highlights
  • This is Southern Cross Group’s 2nd transaction in the Environmental sector.
  • This is Southern Cross Group’s 9th transaction in Chile.

M&A Deal Summary

Date 2016-01-01
Target VOLTA Chile
Sector Environmental
Buyer(s) Southern Cross Group
Deal Type Buyout (LBO, MBO, MBI)

Target

VOLTA Chile

Quilicura, Chile
VOLTA Chile is an industrial waste collection company. The company serves a wide and largely diversified set of customers (over 500 nationside) providing strong revenue resilience. The company is fully focused on serving directly and exclusively industrial clients with which it handles relationships directly rather than relying on municipal waste bidding processes. VOLTA Chile was established in 2014 and is based in Quilicura, Chile.

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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 22 of 28
Sector (Environmental) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 18 of 22
Country (Chile) 9 of 11
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Ecoser

Quilicura Santiago, Chile

Ecoser is the third largest industrial waste collection company in Chile with strong presence in Santiago and presence in over 7 regions across the country. The company serves a wide and largely diversified set of customers (over 500 nationside) providing strong revenue resilience. It is also operated with high operational standards vs. competitors allowing it to maintain strong operational margins while offering competitive prices. The company is fully focused on serving directly and exclusively industrial clients with which it handles relationships directly rather than relying on municipal waste bidding processes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 Petrobras Energia - Chile Assets

Chile

Petrobras Energia - Chile Assets comprises 279 service stations, eight fuel distribution terminals, 11 airport operations, participation in two logistics companies and one lubricants plant.

Buy $490M