Southern Cross instructed Chadbourne for two acquisitions in Latin America

Private equity firm Southern Cross returned to its longtime outside advisor Chadbourne & Parke for counsel on the separate purchases of Petrobras Chile Distribucion and Getronics. 

Petrobras Chile Distribución is the third largest fuel marketing company in Chile. It owns 279 service stations, eight fuel distribution terminals, operations in 11 airports, one lubricants plant and a stake in two logistics companies. The value of the sale to Southern Cross was not disclosed but local media reports pegged it at $470 million. The deal is part of Petrobras´ongoing asset divestiture programme.

Getronics LATAM is an integrated ICT products and services provider for the large enterprise market with operations in Latin America, including Mexico and Colombia. While financial terms of the transaction were not disclosed, a statement from OpenGate Capital, former owners of Getronics, noted that the exit yields greater than 11 times the invested capital for the company. OpenGate Capital is a global private equity firm headquartered in Los Angeles.

Partners Kevin Smith and Morton Grosz led the Chadbourne teams advising Southern Cross on both deals.

OpenGate Capital, the sellers of Getronics, instructed KPMG Corporate Finance as financial advisor, KPMG as tax advisor and Morgan, Lewis & Bockius as legal counsel. The team at Morgan Lewis included partners John Filippone, Humberto Padilla Gonzalez and Felipe Alice.

 

Southern Cross instructed Chadbourne for two acquisitions in Latin America

Ignacio Abella

thelatinamericanlawyer.com

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Legal Group
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram