Advent-Morro Equity Partners
San Juan, PR
David Ashe is an experienced executive with more than 20 years of top management experience in multinational companies. At Advent-Morro since 2010, Mr. Ashe's work includes identifying businesses whose expansion can be fueled by private equity capital and supporting companies already in the investment portfolio in their growth and globalization efforts. Companies under Mr. Ashe's oversight include Next Level Learning, a Puerto Rico-based education company providing after-school tutorial services to k-12 public school students; Quality Water Service, a provider of point-of-use water filtration solutions for businesses in Puerto Rico, Chile and Colombia; Florida-based Codigo Entertainment, owner of one of the largest tropical music catalogs worldwide including the Fania record label; Infopaginas, a yellow pages and local search advertising company in Puerto Rico; and La Familia, a Florida-based chain of pawn shops catering to Hispanic markets with stores in Central Florida swell as in Puerto Rico.
Advent-Morro Equity Partners has been operating in Puerto Rico since 1989, during which time it has invested more the $120 million in over 40 companies in Puerto Rico and the U.S. mainland, which today represent over $3.5 billion in annual sales and employ more than 3,000 people. The Firm focuses on expansion capital and lower middle market buyouts predominantly targeted at Puerto Rico and U.S. Hispanic market.
Prior to joining Advent-Morro, Mr. Ashe was Country Manager for the South American media and industrial conglomerate Carvaja, where he managed the Company's Business Unite in the U.S. and Caribbean and presided over a Miami-based Pan-Latin American B2B media company. Among his professional achievements, he has led acquisitions in the U.S. and Brazil, executed corporate reorganizations, and launched business start-ups.
Mr. Ashe holds a Bachelor of Science Degree in Management with honors from Babson College. Born in Peru, he grew up in Colombia, moving to the U.S. at age 16. He calls Puerto Rico home since 2005.