Partners at Evercore Mexico to Form TACTIV and Enter a Strategic Alliance with Evercore

MEXICO CITY–(BUSINESS WIRE)–Evercore Partners Mexico (EPM) announced today that Augusto Arellano, Chief Executive Officer of EPM, and Arturo Ramirez, Senior Managing Director at EPM, are departing Evercore to form TACTIV, an independent strategic advisory firm. Evercore (NYSE: EVR) will partner with TACTIV under a new strategic alliance.

Messrs. Arellano and Ramirez have accomplished some of the most innovative financial advisory transactions in the Mexican market during the last decade, including Fibra and Fibra-E transactions. They have worked together for 14 years at EPM, and in their new roles at TACTIV, they will continue to provide exceptional service to their clients.

Mr. Arellano commented, “In order to best serve our clients, we are repositioning our business in Mexico and are excited to launch TACTIV. Our strategic alliance with Evercore will be an effective way to enhance the global reach of an expert-led local firm, through which our clients

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Mexico Unveils Private-Backed $14 Billion Investment Plan to Lift Ailing Economy | Investing News

MEXICO CITY (Reuters) – Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business leaders and lift the struggling economy.

The package, mostly privately financed, is the first clear sign of corporate bosses’ readiness to invest under Lopez Obrador since the coronavirus pandemic plunged Latin America’s no. 2 economy into its biggest slump since the Great Depression.

Ranging from a concession to revive a planned train link between Mexico City and the central city of Queretaro, to investments for state oil firm Petroleos Mexicanos (Pemex), the raft comprises some 39 projects, the government said.

Unveiling the plan, worth over 297 billion pesos ($13.83 billion), at a news conference, Lopez Obrador extended a hand to corporate bosses with conciliatory language.

“We have no problem with business leaders. On the contrary, they deserve our utmost respect and

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