http://money.iwon.com/jsp/nw/nwdt_rt_top.jsp?cat=TOPBIZ&src=201&feed=reu§ion=news&news_id=reu-l15155063&date=20031215&alias=/alias/money/cm/nwPrivate equity firm the Carlyle Group said on Monday that it will set up an office in Mexico and has made a number of new hires to start its business there.
Luis Tellez, who joins Carlyle from Mexican conglomerate Desc, and Joaquin Avila, a managing director at Lehman Brothers (LEH), will join the firm as Managing Directors to co-lead its first buyout investment activities in Mexico.
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David M. Rubenstein, Carlyle co-founder and managing director, described Mexico as a "fertile terrain for private equity investing."
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hear that 'sucking up the money in Mexico' sound?