Southern Cross Group Exits Grupo Expansión for US$65 Million (Latin America)

Source: Dinero en Imagen  |  Author(s): Darío Celis

Latin America-focused private equity firm Southern Cross Group has sold its stake in Grupo Expansión, a Mexico-based publishing company, for US$65 million to Nacer Global, a Mexico-based conglomerate and publisher of financial newspaper El Economista. Grupo Expansión publishes 17 magazines and 11 websites.