Southern Cross Group, a Latin-American private equity firm, and media company Time Inc. today announced that Southern Cross is acquiring Grupo Expansión (GEx), a Time Inc. subsidiary, subject to regulatory approvals. Grupo Expansión is the owner of leading Mexico property portal, Metroscubicos.
Southern Cross is a private equity firm founded in 1998 to make investments in Latin American companies that have potential for improved performance and growth. Since inception, Southern Cross has invested in over 25 companies in a wide range of industries, including: consumer goods, retail, homebuilding, entertainment, logistics, pharmaceuticals, energy, oil & gas, public services, IT . . .
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