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June 2006

Private equity: Southern Cross takes challenge

by Leticia Lozano

Southern Cross Group is making waves in Latin American private equity, standing out because of its aggressive and sometimes contentious strategy – it only invests in companies in which it has unchallenged control of management – which is bringing it high returns.


It can also boast a record of doubling the profits of its portfolio companies. In less than a decade, the fund has moved more than $500 million into assets ranging from retail to energy and persuaded pension funds to invest in the projects. Southern Cross’s focus on Chile, Latin America’s most developed nation, also marks a change with the past. In the 1990s,...


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