Southern Cross Buys a 70 Percent Stake in Equipment Leasing Firm Solaris (Latin America)

Source: Valor

Latin America-focused private equity firm Southern Cross has acquired a 70 percent stake in Brazil-based construction and industrial equipment leasing firm Solaris for a reported BRL220 million (approximately US$92.3 million). Solaris, which is controlled by the Argentinian group Sullair, intends to use the new capital to double its size in the next three years.