Ricardo Cervera Lomelí
Ricardo Cervera Lomelí is an internal member of our Advisor and Manager board of directors. Mr. Cervera is also a founding partner at VACE Partners. Prior to founding VACE Partners, Mr. Cervera worked at Salomon Smith Barney and Citigroup for more than 9 years. Mr. Cervera joined the investment banking division of Salomon Smith Barney in 1999. He spent seven years in New York in the Global Power Group, covering US, European and Latin American power companies.
Mr. Cervera was transferred to Citigroup’s Mexico investment banking office as a director in 2006, and became head of the Mexico division in 2007. He has experience with several industry sectors, such as power, energy, infrastructure, consumer, retail and industrial. In Mexico, he led the privatization of the first toll-roads from FARAC worth over US$4 billion; one of the largest privatizations ever in this sector worldwide and winner of Project Finance Latam Deal of the Year in 2008.
Mr. Cervera, with an experienced career in merger and acquisitions, led the execution of multiple landmark deals in the U.S. and Latin America, including the acquisition of power generation assets from FPL, the advisory to Aquila on its proxy contest to acquire control of Quanta Services’ board of directors, the sale of Elektra Noreste in Panama, the acquisition of Transportadora de Electricidad in Bolivia and the ownership restructuring of Light in Brazil. In Mexico, he has also advised the Mexican Government on the privatization of FARAC I, and is a senior advisor of multiple corporations such as Grupo Kuo, Grupo Gigante, Grupo Cuervo, Brysam Partners, Mexico Power Group.
Mr. Cervera has been participating in multiple capital markets transactions, raising over US$20 billion in funds, including transactions for US multi-billion dollar companies, such as FirstEnergy’s US$1 billion equity offering and ConEdison’s US$500 million debt offering. He also advised Mexican companies to raise capital in transactions such as the IPO for OMA for US$430 million, a bond offering for Grupo Kuo (US$200 million) and a floating rate notes issuance for America Movil (US$500 million). He also led VACE’s effort in the debt structuring of OHL’s Viaducto Bicentenario, which was awarded Project Finance Latam IPP Deal of the Year in 2010.
From 1995 to 1996, Mr. Cervera worked in Mexico’s Ministry of Finance as an advisor to the General Director of Public Credit and in 1997 he became advisor to the Deputy Minister of Finance. Mr. Cervera graduated top 1% of his class with a B.A. degree in Economics from the Instituto Tecnológico Autónomo de México (ITAM) and received a M.B.A. degree from Yale University. In 1998, Mr. Cervera received his Mexico’s National Award in Economic Research.