Miami, FL–(HISPANIC PR WIRE)–November 15, 2005–Mission Capital Group (“MCG”) today announced that it has spun-off from Sterling Financial Investment Group (“SFIG”) and formed an independent firm to provide strategic and financial advisory services to companies serving the US Hispanic market. The new firm will be owned and controlled by the founding partners, led by President and CEO Ricardo Rivas, former Managing Director at Nomura Securities in New York, and the Head of the Investment Banking Division at SFIG.
Under a negotiated agreement, MCG will assume most of SFIG’s existing investment banking engagements, and will specialize in the US Hispanic media and communications sectors. MCG will continue operating from its offices located in the Mellon Financial Center in downtown Miami, Florida. The new operating structure will allow MCG to better focus its efforts exclusively on the US Hispanic market, and build the leading investment bank in its category.
“We see tremendous growth potential within the US Hispanic market in the coming years,” commented Mr. Rivas. “As a result, those companies that target Hispanics with products and/or services will benefit from favorable demographic and purchasing power trends.”
“Nevertheless,” notes Mr. Rivas, “A lack of information and understanding regarding the many new companies that are targeting the US Hispanic market creates an opportunity for MCG. Through our in-depth industry research and ongoing investment banking work we are able to provide a highly specialized and more personal financial advisory service to companies that are currently underserved by traditional Wall Street firms.”
MCG provides a full range of financial advisory services, including mergers and acquisition advisory, capital raising and financial restructurings. With more than 50 years of collective experience, the MCG team has been involved in a number of investment banking transactions in the US, Latin America and Europe over their respective careers.