Carlos Javier Vara Alonso

Carlos Javier Vara Alonso currently serves as Chairman of the board of directors of our Advisor and Manager. Mr. Carlos Vara is also a founding partner of VACE Partners and brother of Alfredo Vara. Prior to joining VACE Partners, Mr. Carlos Vara served for 9 years as the head of the Mexico and Latin America investment banking of Citigroup. He is currently a member of the board of directors and finance committee of Grupo Gigante, a Mexican publicly traded company that holds several business units, such as Office Depot, The Home Store, SuperPrecio and Toks, and former member of Aeromexico’s board of directors and finance committee, an airline company based in Mexico.

Mr. Carlos Vara’s experience in business transactions, mostly in Mexico, includes several industries, such as financial institutions, consumer goods, industrial conglomerates, education, transportation and metals and mining. He has also advised the origination and execution of merger and acquisitions transactions with an aggregate value of more than US$70 billion and capital markets transactions with an aggregate value of more than US$50 billion, such as, Grupo Gigante’s divestiture in Soriana, the Nacional Financiera’s toll roads privatization (FARAC I), the consortium of Mexican investors in the acquisition of Aeromexico, Grupo Imsa’s sale of 43.3% of its equity, the Cemex’s acquisition of Southdown, RMC, and Rinker, America Móvil’s acquisitions of AMTEL, BSE, BCD, the America Movil’s spin-off from Telmex to AMX (an US$50 billion transaction), Kimberly Clark’s sale of its consumer products division (Scribe), Grupo Chedraui’s acquisition of Carrefour Mexico, acquisition of AHISA by Metlife, PBG’s acquisition of Pepsi Gemex, Associated British Foods (ABF)’s acquisition of Capullo, BBV’s acquisition of Bancomer, Citigroup’s acquisition of Banamex and Aegon’s acquisition of 50% of the equity of Seguros and Afore Banamex.

In addition, Mr. Carlos Vara has played a leading role in several other Mexican landmark equity transactions, such as the OMA’s IPO in 2006, the Femsa’s secondary offering in 2005, the SPCC’s secondary offering in 2005, the ICA’s secondary offering in 2005, the Cemex’s secondary offering in 2003 and 2005, and the Grupo Televisa’s secondary offering in 2001.