- Mexico has ‘bright years in front of it,’ Ken Moelis says
- Moelis, ADR’s Alfaro share Donaldson, Lufkin & Jenrette roots
Moelis & Co., the investment bank founded by Wall Street veteran Ken Moelis, is partnering with Alfaro, Davila & Rios to push into Mexico.
ADR has three managing directors and 12 other professionals, and the companies will focus on cross-border deals, Ken Moelis said in a telephone interview Wednesday. Isauro Alfaro, one of the founders, previously was at Donaldson, Lufkin and Jenrette where Ken Moelis also worked.
“We like their leadership, we think they know the market very well,” Ken Moelis said. “If our clients are trying to do things through the region now, I think we can offer them the best expertise in the world.”
Moelis & Co. has been expanding since its 2014 initial public offering, adding an office in Washington and recently hiring in Germany. ADR has offices in Mexico City and Monterrey, and will keep its name, according to a statement on Wednesday that didn’t disclose terms. ADR has worked on deals involving companies such as Cemex SAB and Axtel SAB, according to its website.
Mexico is “a growing population center, it’s growing wealth, growing GDP, it’s really well positioned in the world to be an emerging economy,” Ken Moelis said. “It’s a huge trading partner with the U.S. There’s a lot of reasons Mexico should have very bright years in front of it.”