Southern Cross Group renews interest in Isapre Masvida
Southern Cross Group renueva interés en Isapre Masvida
Intel ID : 245723
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Southern Cross Group, a Miami, US-based private equity firm, renewed its interest in acquiring Chile-based healthcare services provider Isapre Masvida, reported Diario Financiero on 2 March 2017, citing a letter written by Southern Cross Group Partner Raúl Sotomayor. Specifically, Sotomayor noted the firm would be willing to submit the same bid that was approved in November 2016, USD 90m for 55% of Masvida (see related transaction). Southern Cross requests its bid be admitted for consideration in a new shareholders' assembly, to be held at the end of March. Sotomayor's letter appears one day prior to Masvida's extraordinary shareholders' assembly where two proposals will be evaluated, including one from US-based private equity firm Nexus Partners (see related intel).
(content in spanish)
Southern Cross Group, firma de private equity con sede en Miami, Estados Unidos, ha renovado su interés en adquirir la prestadora chilena de servicios de salud Isapre Masvida, ha publicado Diario Financiero el 2 de marzo de 2017, citando una carta escrita por el socio de Southern Cross Group, Raúl Sotomayor. En concreto, Sotomayor ha señalado que la firma estaría dispuesta a presentar la misma oferta que había sido aprobada en noviembre de 2016, USD 90m por un 55% de Masvida (ver transacción relacionada). Southern Cross pide que se admita su oferta para consideración en una nueva junta de accionistas a finales de marzo. La carta de Sotomayor aparece un día antes de la junta extraordinaria de accionistas de Masvida en la que se evaluarán dos propuestas, incluida la de la firma de private equity estadounidense Nexus Partners (ver intel relacionado). |
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25.01.09 Private Equity 25 Financial Services / 25.01 Banking & Investment |
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Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
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