Financial advisory boutique Rubicon Capital Advisors has opened a new office in Mexico City to support its Latin America expansion efforts, according to a 15 July release.
Santiago Ortiz Monasterio, who joins Rubicon as a senior director from Mexican energy and infrastructure fund GBM Infraestructura, will lead the office.
“The opening of our Mexico City office is an integral part of Rubicon’s strategy to further strengthen its presence in both Mexico and the broader Latin American market,” stated Conor Kelly, CEO of Rubicon.
The Mexico City office will offer core investment banking advisory services throughout Latin America to clients in the infrastructure, energy, and utilities sectors.
This announcement follows the opening of Rubicon’s first Latin American office in Bogotá, Colombia in 2018.
Rubicon’s work in Mexico to date includes the equity interest sale of a 49.6% stake in Concesionaria de Autopistas de Michoacán, the SPV behind the Michoacán highway package. Rubicon served as financial advisors to sellers Cointer / Grupo Azvi (25.2%) and SMC (24.4%), according to a 9 July release.
Rubicon also advised CDPQ on its acquisition from IFM Investors of a 49% stake in Mexico City highway concession Conmex.
This piece was published on July 15, 2019 and written by Katy Golvala.