Growth Capital • Oil/Gas Exploration

Southern Cross Group Invests In Estrella

On June 26, 2012, private equity firm Southern Cross Group invested in oil/gas exploration company Estrella

Investment Context
  • This is Southern Cross Group’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Southern Cross Group’s 1st transaction in Colombia.

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Investment Summary

Date June 26, 2012
Target Estrella
Sector Oil/Gas Exploration
Investor(s) Southern Cross Group
Deal Type Growth Capital

Target Company

Estrella

Bogota, Colombia
Estrella provides oil & gas field and geothermal services mainly to the E&P industry in Latin America. Estrella has three main service lines: drilling and workover, directional drilling and well services, project management and consulting services. Its main operations are in Colombia with additional assets deployed in Argentina, Bolivia, Chile, Colombia, and Peru. Estrella is based in Bogota, Colombia.
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Investor 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 Investor #
Overall 16 of 30
Sector: Oil/Gas Exploration 2 of 2
Type: Growth Capital 1 of 1
Country: Colombia 1 of 2
Year: 2012 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Campanario Generacion

Las Condes, Chile

Campanario Generacion is a thermoelectric power plant located close to the city of Concepcion, Chile with a capacity of 120 MW. Its gas turbines, currently operating in open cycle mode, are capable of burning both natural gas and diesel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 Ultrapetrol

Nassau, Bahamas

Ultrapetrol is an industrial transportation company serving the maritime transportation needs of a diverse client base. Ultrapetrol was founded in 1992 and is based in Nassau, Bahamas.

Buy -