Gonzalo Waldman

Private Equity · Non-Executive Director
25 years · $130bn+ transacted · Dubai

Twenty-five years of capital, from the Andes to the Gulf.

Private equity investor and non-executive director in Dubai. Six years as Partner at Synergy Capital; before that corporate M&A at PepsiCo, Partner and CFO of SinoLatin Capital in Shanghai, and twelve years at UBS Investment Bank in New York leading Latin American metals and mining coverage. Transactions exceeding $130 billion, several Deal of the Year and finance excellence awards, and teams of 150 or more led across four continents.

Now

Selected work

Synergy Capital — Partner

Private equity

Six years as Partner, and Managing Director for the first three, at a Dubai private equity firm investing globally in industrials, metals and infrastructure: origination, structuring, execution and portfolio oversight from a DFSA-regulated platform.

  • Industrials
  • Metals
  • Infrastructure
  • 2019–2025

PepsiCo — Operating Footprint Optimisation

Corporate M&A

Led cross-functional teams reshaping PepsiCo's footprint across the AMENA region through divestitures, joint ventures and bottler optimisation, with internal restructurings run by project teams of more than 150 people. Around $4 billion of transactions completed, producing roughly $400 million of capital gains.

  • c.$4bn transacted
  • c.$400m gains
  • 3 Financial Excellence Awards

SinoLatin Capital — Latin America Natural Resources Fund

Private equity

Partner and CFO of a Shanghai-based private equity firm. Originated and evaluated investments for a mandated Latin America natural-resources fund sponsored by China Eximbank and the Inter-American Development Bank, alongside club deals, and led portfolio transformation: ISO 9001 and OSH certification, IFRS adoption, and working-capital, asset-utilisation, capex and debt KPIs.

  • China Eximbank
  • IDB
  • Portfolio transformation

UBS — Latin American Metals & Mining

Investment banking

Originated and executed M&A and capital-raising transactions for Antofagasta, BHP Billiton, Codelco, Grupo México and Volcan, among others, and extended the bank's coverage model to junior and mid-tier producers by partnering with other divisions and local industry associations.

  • Antofagasta
  • BHP Billiton
  • Codelco
  • Grupo México
  • Volcan

UBS — Cross-Border M&A and Fairness Opinions

Investment banking

Executive Director specialising in cross-border transactions in metals and mining, oil and gas and infrastructure. Member of the Fairness Opinion and Valuation Committee; spearheaded M&A origination for Latin America and ran a 15-banker team across New York and Mexico City as the group's Operations Officer.

  • Fairness opinions
  • Valuation committee
  • Oil & gas

SOLID Equipment Solutions — Director

Board

Board director since 2014 of a leading Peruvian equipment-rental provider to the infrastructure, industrial and agribusiness sectors: fleet economics, capital allocation and governance for an asset-heavy operating business.

  • Equipment rental
  • Peru
  • Since 2014

Experience

  1. 2014 – Present

    Director

    SOLID Equipment Solutions · Lima, Peru

    • Board director of a leading provider of equipment-rental solutions to Peru's infrastructure, industrial and agribusiness sectors.
  2. Apr 2019 – Mar 2025

    Partner · Managing Director (2019–2022)

    Synergy Capital · Dubai, UAE

    • Partner at a private equity firm investing globally in the industrials, metals and infrastructure sectors.
    • Managing Director for the first three years, building the investment platform and team in Dubai.
  3. 2015 – 2019

    Senior Director, Corporate M&A

    PepsiCo · Dubai, UAE

    • Led cross-functional teams optimising PepsiCo's operating footprint through divestitures, joint ventures and bottler optimisation; ran internal restructurings with project teams of more than 150 people.
    • Executed acquisitions and minority investments; prepared and presented strategic reviews to senior management.
    • Negotiated and completed around $4 billion of transactions, generating roughly $400 million of capital gains. Recipient of three Financial Excellence Awards.
  4. 2012 – 2015

    Partner and CFO

    SinoLatin Capital · Shanghai, China

    • Originated and evaluated investments for a mandated Latin America natural-resources private equity fund sponsored by China Eximbank and the Inter-American Development Bank, as well as club deals.
    • Headed operating-transformation initiatives across portfolio companies: ISO 9001 and OSH certification, IFRS adoption, and policies and KPIs for working capital, asset utilisation, capex and debt.
  5. 2001 – 2011

    Executive Director

    UBS Investment Bank · New York

    • Metals and mining: originated and executed M&A and capital raisings for Antofagasta, BHP Billiton, Codelco, Grupo México and Volcan, among others; expanded coverage to junior and mid-tier Latin American producers.
    • M&A: member of the Fairness Opinion and Valuation Committee; specialised in cross-border transactions in metals and mining, oil and gas and infrastructure.
    • Latin America: spearheaded M&A origination and sector coverage for the region; as Operations Officer, managed a team of 15 bankers in New York and Mexico City and led junior recruiting for two years.
  6. 1999 – 2001

    Analyst

    UBS Investment Bank · Argentina

    • Client coverage for the Southern Cone and execution of M&A and debt capital markets transactions.
  7. 1999

    Strategic Planning Analyst

    Ternium · Argentina

    • Analysed vertical-integration targets and the performance of past acquisitions; market studies in the automotive and construction industries.

Education

Honours

Expertise

Transactions
  • Mergers & acquisitions
  • Cross-border deals
  • Valuation & fairness opinions
  • Capital raising
  • Debt capital markets
  • Joint ventures & divestitures
  • Restructuring
Sectors
  • Metals & mining
  • Oil & gas
  • Infrastructure
  • Industrials
  • Consumer & FMCG
  • Equipment rental
Governance & operations
  • Board & NED roles
  • ESG integration
  • Public–private partnerships
  • Portfolio transformation
  • Working-capital & capex KPIs
  • IFRS adoption
  • Team leadership (150+)

Beyond the boardroom

Contact

Open to non-executive and advisory roles, and to conversations about transactions in metals, mining, infrastructure and industrials — in the Gulf, Latin America and between the two.