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Article: Southern Cross Group and Evercore Mexico Capital Partners Sign Agreement to Acquire a Controlling Interest in Servicios Corporativos Javer.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Southern Cross Group, Evercore Mexico Capital Partners (jointly the "Funds") and Servicios Corporativos Javer, S.A.P.I de C.V. ("Javer" or the "Company") announced that they have signed an agreement by means of which the Funds acquire a controlling interest in the Company.
This transaction allows Javer, leader in the Mexican homebuilding sector, to incorporate strategic partners with proven financial and operating experience throughout the region. Javer, which plans to build more than 17,500 homes in 2009 and has land reserves in excess of 100,000 units, is one of the fastest growing developers of homes in the low, middle and residential segments in Mexico.
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