Miami-based Provicapital Partners, Latin America’s premier regional investment banking and advisory firm specializing on the middle market private equity segment, announced today the opening of its second and principal office in Colombia, expanding its presence to the City of Medellin, one of the country’s most dynamic cities and a major economic hub.
“In the last few years, Colombia has had impressive levels of economic growth and prosperity, a trend we expect to continue and which is reflected in the increased demand for our services,” said Ricardo Calderon, Partner and Managing Director of Provicapital Partners. He added that, “as the country continues to develop its core and industrial infrastructure to compete in today’s global environment, Provicapital is poised and committed to providing investment banking support to help our clients access the capital needed to finance these efforts.”
As the IMF stated earlier this year in its regular assessment of the country, Colombia’s prudent economic policies and strong policy framework have not only supported its remarkable economic performance in recent years, but has positioned it to absorb any economic shocks attributed to a slowdown in demand for global commodities. As a country with an abundance of natural resources and an industrious population of over 47 million, Colombia has had large inflows of foreign direct investment (FDI), especially in the hydrocarbon sector that is expected to continue growing and developing.
Provicapital’s growing presence in Colombia, where it has been active since 2005, strengthens the company’s Latin American footprint, which today also includes offices in Miami, Mexico, Ecuador and Peru.