Investment Summary

Southern Cross Group Invests In Ultrapetrol

On November 13, 2012, private equity firm Southern Cross Group invested in transportation company Ultrapetrol

Investment Highlights
  • This is Southern Cross Group’s 2nd transaction in the Transportation sector.
  • This is Southern Cross Group’s 1st transaction in Bahamas.
Investment Fate
  • Ultrapetrol went bankrupt in 2017.

Investment Summary

Date 2012-11-13
Target Ultrapetrol
Sector Transportation
Investor(s) Southern Cross Group
Deal Type PIPE

Target

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.

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Investor(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 17 of 30
Sector: Transportation M&A 2 of 3
Type: PIPE M&A Deals 1 of 1
Country: Bahamas M&A 1 of 1
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-26 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Solaris

Sao Paulo, Brazil

Solaris is an equipment rental company that serves the construction and several other industries in Brazil. Solaris was established in 1996 and is based in Sao Paulo, Brazil

Buy -