Aureos´ Fund to Cooperate with Costa Rica´s Stock Market
06/02/2008
Author:
Aureos Capital
United States
| Categories:
Private Equity |
Preview:
Aureos Capital’s EMERGE fund strikes cooperation agreement with Costa Rica’s junior stock market
Article:
May 15, 2008 -- Aureos Capital’s Emerge Central America Growth Fund (EMERGE) has signed a cooperation agreement with Carlos Mora de la Orden, authorized sponsor of MAPA, Costa Rica’s junior stock market. The EMERGE fund was set up by Aureos Capital Limited, one of the leading private equity fund management companies specialising in investing in small to mid-cap businesses in emerging markets.
MAPA was created by Costa Rica’s main stock market, the Bolsa Nacional de Valores, to help fund small companies with growth potential. The EMERGE fund is one of th
ree
Aureos Latin American private equity funds and is targeted at the smaller end of the SME segment in the region. EMERGE can invest in Panama, Nicaragua, El Salvador, Guatemala, Honduras, Costa Rica, Belize and the Dominican Republic
Under the agreement, the EMERGE fund will receive preferential access to invest in MAPA-sponsored companies by Mora de la Orden. Mora de la Orden will also inform Emerge about companies with good growth potential that have not yet joined MAPA. This will be done with the understanding that the EMERGE fund will register those companies with MAPA after it has invested in them, in order to obtain additional financing or to realise a sale.
Says José Ulate, Aureos’ Fund Manager of the EMERGE Fund: “This is a great opportunity for us. The fact that MAPA provides a scheme that allows for an exit facilitates the job of the EMERGE fund as it brings liquidity to the market. We anticipate many excellent investment opportunities to arise through our referral agreement with MAPA.”
Aureos Central America Managers Ltd, the Managers of EMERGE, will refer to MAPA companies that the EMERGE Fund has invested in and that could benefit from joining the MAPA market, either from securing new financing or from a sale to other investors. They might also refer to MAPA companies in which the fund wants to invest with the aim of carrying out the investment through the MAPA platform.
Says Carlos Mora de la Orden, Manager at MAPA: “The Aureos EMERGE fund will not only refer potential companies to MAPA, but it will also be able to invest through it. This creates a mutually beneficial relationship which we believe will be valuable to Aureos and help catalyse further investment in smaller Costa Rican companies.
AUREOS CAPITAL LTD
Aureos Capital Ltd is a unique private equity fund management company, domiciled in Mauritius, which specialises in providing expansion and buy-out capital to unlisted mid-cap businesses across Asia, Africa and Latin America.
It was formed in July 2001 to assume management of a range of funds originally sponsored by CDC Group plc and to raise and manage a new generation of private equity funds under the Aureos brand.
Today, the Shareholders in Aureos comprise employees, along with CDC Group plc, Norfund and FMO which are, respectively, the British, Norwegian and Dutch development finance institutions.
Since 2001, Aureos has increased its funds under management to over US$710 million and extended its geographical footprint to over 50 emerging markets covering Asia, Africa and Latin America, by establishing 14 regional private equity funds.
Investors in Aureos funds include institutional investors, bilateral and multilateral development finance institutions, fund of funds, family offices and foundations and high net worth individuals.
Aureos is in the process of raising funds for the US$100 million Aureos Central Asia Fund, the US$300 million Aureos Latin America Fund and the US$400 million Aureos Africa Fund.
ABOUT MAPA
El Mercado Alternativo para Acciones (alternative market for stocks) - MAPA - is a platform of private offer that the Bolsa Nacional de Valores created so that small and medium companies could access private capital to continue their development and growth. The companies can develop new products that complement those that are already in the market. Through MAPA, sophisticated investors get the opportunity to be part of projects with big potential of growth and high risk. (
https://mapa.bolsacr.com)
Carlos Mora De la Orden
Has over 20 years experience in the Costa Rican financial sector in the following areas: investment banking, particularly in the IPO’s of local stock offerings; corporate finance; asset management of diverse mutual funds, including the only Costa Rican equity fund; and venture capital, both as a fund manager and investor in technology based companies. He’s a BNV authorized Sponsor on MAPA.
Press Contacts:
José Ulate
Managing Partner
FONDO EMERGE
Tel: +506 2 201 9191
Bishakha Mukherjee
Aureos Advisers, London
Tel: +44 (0)20 7647 6804
Nick Mattison or Katerina Papadopoulou
Mattison Public Relations
Tel: +44 (0)20 7645 3636
Email: kp@mattison.co.uk