Yucaipa Launches New Partnership To Target U.S. Hispanics

Billionaire investor Ron Burkle and his Yucaipa Companies are launching a new partnership to back companies targeting the large and growing Hispanic community in the U.S.

Alongside the Miami-based consulting, merchant banking, and private equity firm Garcia Trujillo Holdings LLC, Yucaipa plans to back companies that have Hispanic management teams, are targeting the Hispanic market, or are Central and South American companies looking to enter the U.S.

Founded in 2010, Garcia Trujillo has rallied leading Hispanic business figures around chairman Solomon Trujilo, the former Chief Executive of the Australian telecommunications company Telstra Corp, and Charles P. Garcia, a motivational speaker and the founder and Chief Executive of the financial services firm Sterling Financial Group, which targeted Hispanic customers.

Read the entire article at The Wall Street Journal.