Southern Cross Group Agrees to Acquire a 70 Percent Stake in Storage Company Tópico (Latin America)

Source: Tópico

Latin America-focused private equity firm Southern Cross has agreed to acquire a 70 percent stake in Brazil-based temporary storage solutions provider Tópico. The company intends to use the funds to bolster its operations in Brazil by opening new branches and to expand to other Latin American countries, including Mexico, Colombia and Chile. Financial details of the transaction were not disclosed.