Salomon Brothers Forms Alliance with Top Mexican Bank

Salomon Expands Its Global Capabilities in Mergers & Acquisitions

NEW YORK - April 20, 2023 - PRLog -- Salomon Brothers, legendary investment bank, announced a new alliance with Vace Partners, the premier boutique investment bank in Mexico. Vace Partners joins the Salomon Global Alliance an initiative to establish a global network of the highest quality investment banks.  This affiliation provides both firms with unique access to deal opportunities and cross-border execution, while clients benefit from the expanded range of services and capabilities offered by the Salomon Alliance. The primary focus of the Salomon Global Alliance is on cross-border M&A and other strategic advisory services.

"Salomon Brothers welcomes Vace Partners to the Salomon Global Alliance. Mexico and the United States did $1.7 trillion of cross-border business in 2022 and we see great opportunities in working together," said R. Adam Smith, a Salomon Brothers investment banker. Mr. Daniels, a Salomon executive, said, "while other firms are downsizing, Salomon Brothers is expanding globally both directly and through alliances. It's an exciting time to be at Salomon Brothers."

"The principals of Vace Partners joining the Salomon Global alliance are like reuniting with family. We started our careers in finance at Salomon Brothers," said Carlos Vara, president of Vace Partners.  Before forming Vace Partners, Mr. Vara was an investment banker with Salomon SmithBarney and Citigroup for nine years, where he was head of Mexico and Latin America banking. Ricardo Cevera, co-founder and partner at Vace Partners, and also a Salomon Brothers alumnus, expanded on Carlos' comment, saying: "Salomon Brothers is a global investment banking brand and our affiliation will enable Vace Partners to achieve greater prominence in global markets."

About Salomon Brothers

Salomon Brothers is an investment banking fir that provides strategic advisory services, public and private placements and specialty finance. The firm is independent and not affiliated with any banking company. See, www.salomonbros.com

About Vace Partners

Vace Partners is a private investment banking firm founded in early 2009 by an experienced group of bankers with the objective of providing high-quality specialized financial services. Vace is focused on advisory and execution of mergers and acquisitions (M&A), debt structuring and restructuring, capital raising, and comprehensive financial advisory for domestic and international companies, as well as for the public sector.

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