Southern Cross Group: OpenGate Capital Sells Getronics LATAM
Los Angeles-based private equity firm OpenGate Capital announced today that it has sold Getronics LATAM to Southern Cross Group. Financial details of the sale were not annouced. The company claimed the exit provides 11 times invested capital for the firm. Getronics LATAM operates in Mexico, Colombia, Peru and Venezuela, and provides workspace management services, connectivity, data centers and consultancy services. OpenGate Capital had acquired Getronics LATAM in 2010.
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Southern Cross focused on investing in energy, food, pharmaceuticals, technology, telecommunications, retail, education and environment sectors.
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