Advent International Colombia S.A.S. , Bogota
Joined Advent in 2012
Mauricio Salgar joined Advent International in 2012 as head of the firm’s office in Bogotá Colombia. He leads a ten-person team, focusing on investments in high-growth companies in Colombia, Peru and the surrounding region.
Prior to joining Advent, Mr. Salgar was a vice president and member of the executive committee at Sanford, a privately held investment firm with ownership interests in the petrochemical, manufacturing, plastics and services sectors in Colombia, Venezuela, Peru, Brazil and Mexico. His responsibilities included portfolio-company oversight, business development, and mergers and acquisitions. While at Sanford, Mr. Salgar also served on the boards of several of the firm’s portfolio companies.
Previously, Mr. Salgar was chief operating officer of Ecopetrol, the Colombian national oil company, where he was responsible for its exploration, production, refining, supply and marketing organizations, and shared services units. He also served as Ecopetrol’s interim chief executive officer for a period of time, during which he successfully led the effort to secure the Colombian Congress’ approval to partially privatize Ecopetrol through an initial public offering. Prior to Ecopetrol, Mr. Salgar co-founded despegar.com, an online travel agency, and was an associate at Booz & Co., where he advised clients that included the largest water utility in Colombia, the largest tin mine in Peru and the largest construction company in Colombia.
Mr. Salgar received a degree in industrial engineering from the Universidad de los Andes in Bogota and earned an MBA from the Massachusetts Institute of Technology’s Sloan School of Management.