Gramercy Adds to Latin America Private Equity Investment Team, Names TMT Advisory Board
GREENWICH, Conn., Feb. 13, 2013 /PRNewswire/ -- Gramercy, a
dedicated emerging markets investment manager, today announced several strategic
hires to its Latin America private equity investment team co-led by Gustavo
Ferraro, a Managing Director and Head of Latin American Markets at Gramercy, and
David Britts, a Managing Director focused on private equity. The firm has also
formed a TMT Advisory Board and appointed several members.
The team intends to invest in private Latin American middle
market companies in the technology and technology-enabled sectors that have
limited access to financing and global markets. As part of this effort, Gramercy
has opened an office in Silicon Valley and will be expanding its network of
local offices in Latin America.
"We believe this combination of highly experienced Latin America
professionals complements our existing capabilities and will strengthen our
extensive network of contacts in the region, provide substantial additional
research resources, and add an exceptional operational team to our platform,"
said Robert Koenigsberger, Managing Partner and Chief Investment Officer at
Gramercy.
Ferraro added: "Our team of Latin American nationals based on the
ground, who will be providing steady deal flow, execution, due diligence and
specific market insights on investment prospects, gives us a real edge given the
mid-market nature of our strategy."
The members of the investment team have over 140 years of
combined experience in advising companies and sourcing, leading, negotiating,
executing and operating private equity investments across the region and in the
technology industry.
"Our local team, combined with our global team of experts in
technology, operations and geographic expansion, positions us well to take
advantage of extremely attractive investment opportunities throughout Latin
America," said Britts.
The investment team includes:
David Britts has been an active private equity investor for 17
years. He has been a General Partner at Fuse Capital (aka, ComVentures), a
Silicon Valley based venture capital fund with $1.5 billion in assets under
management and a focus towards TMT since 2002. Prior to his tenure at Fuse
Capital, Mr. Britts was a General Partner at JPMorgan Partners, the private
equity arm of JPMorgan.
Gustavo Ferraro has over 26 years of investment banking and
capital markets experience. He has dedicated the majority of his career to Latin
America and has extensive relationships in the region. He served as a Managing
Director with Barclays Capital, where he led a capital markets team that managed
the firm´s Latin American corporate and sovereign clients with a significant
focus towards debt capital markets and liability management.
Javier Ledesma-Arocena has over 12 years of private equity
experience in Latin America. He launched and built up HSBC´s private equity
platform in Latin America, investing over $150 million in private equity
transactions across Argentina, Brazil, Colombia and Chile.
Carlos Anderson has over 18 years of M&A advisory experience in
Latin America. He has been a senior member of advisory teams at Lehman Brothers
and UBS in New York and ABN Amro in London.
Roberto Colliard, Gramercy´s Senior Advisor for Mexico and
Central America, has over 36 years of industry experience. He is currently
Chairman of the Board of Pendulum Associates and one of Gramercy´s
representatives in Mexico.
Lorenzo Souza, Gramercy´s Senior Advisor for the Andean Pact, has
over 25 years of successful entrepreneurial and investment experience in Latin
America. He founded and managed companies including Peru Orient Express, Peru
Rail, Peruval SAB and Tele 2000, amongst others.
Building upon its investment team, Gramercy has also established
an operational team that includes:
Carlos Ramon, also a Latin American national, has over 20 years
of global general management and CEO experience with leading TMT companies such
as PeopleSoft, Akamai, and Conviva. Mr. Ramon will be based in Silicon Valley
and focus on the strategy implementation and value creation process at portfolio
companies through technology transformation, geographic expansion and
operational optimization in addition to leading operational due diligence on
prospects and strategic plan implementation in portfolio companies.
Kevin Moure, the strategy´s Executive in Residence (based in
Mexico), will act as operating partner to portfolio companies. Mr. Moure has
successfully managed several operating companies throughout his 24-year
experience and currently operates Pendulum Associates, Mexico´s largest
independent servicer of performing and non-performing loans.
In addition to its team of senior investment professionals,
Gramercy has formed a "TMT Advisory Board" that will use its expertise to
strengthen networking capabilities across industries and geographies and opine
on investment opportunities.
The initial members of the Board will be Eduardo Caride (Director
of Telefonica Internacional for Latin America, ex-Brazil/Mexico), Bill Huang
(General Manager of China Mobile Research Institute), Jon Miller (former
Chairman & CEO of AOL), Zod Nazem (former CTO of Yahoo) and Rick Rommel (SVP and
GM Best Buy Exclusive Brands).
About Gramercy:Gramercy is a $3.4 billion dedicated emerging
markets investment manager based in Greenwich, CT with offices in London, Hong
Kong, Singapore and Mexico. The firm, founded in 1998, seeks to provide
investors with superior risk-adjusted returns through a comprehensive approach
to emerging markets supported by a transparent and robust institutional
platform. Gramercy offers both alternative and long-only strategies across all
asset classes (USD debt, local currency debt, high yield corporate debt,
distressed debt, equity, macro, tail risk, private equity and special
situations). www.gramercy.com