LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Aureos Capital’s EMERGE fund invests in FMCG company for Central American expansion

6 April 2010

April 6, 2010 – Aureos Capital’s Emerge Central America Growth Fund (EMERGE) has acquired a 48% stake in Adalta, a Costa Rica based company that specializes in the production of house and car cleaning products and insecticides.

Adalta was created through a management buyout (MBO) of a division of Corporación CEK, the Costa Rican manufacturer and retailer.

The EMERGE fund is managed by Aureos Capital, a leading private equity fund management company specialising in investing in small to medium-sized businesses in emerging markets. This is the seventh investment for the EMERGE fund.

Adalta sells Cruz Verde (insecticide), F40 (car cleaning products), and Limpex (house cleaning products) brands, all known for offering good quality at affordable prices. Adalta’s strategy will focus on developing new products, investing in promotions, improving distribution channels and broadening marketing throughout the Central American region.

David Barboza, Adalta’s General Manager, comments: “We will now take the commercialisation of our products to the next level. We will focus on expanding our presence throughout Central America.  Through our partnership with EMERGE, we will also strengthen our health and social standards.”

Says José Ulate, Aureos’ Fund Partner in Costa Rica: “The Central American region economy is developing from agriculture to the services sector. Small and medium sized enterprises that do not have hard assets for collateral can find it difficult to access financing from banks that are rooted in the past, creating opportunities for private equity.”

“Adalta is an excellent investment opportunity for private equity that might struggle to raise financing from local banks at the kind of competitive rate that they deserve. EMERGE’s regional presence will support Adalta’s growth in Central America while our partnership and close relationship with their management will ensure this MBO’s success.”

AUREOS CAPITAL LTD

Aureos Capital Ltd is a private equity fund management company which specialises in providing expansion and buy-out capital to unlisted mid-cap businesses across Asia, Africa and Latin America.

Since its establishment in 2001, Aureos has increased its funds under management to over US$ 1.2 billion and extended its geographical footprint to over 50 emerging markets covering Asia, Africa and Latin America, by establishing 16 regional private equity funds.

Investors in Aureos funds include institutional investors, bilateral and multilateral development finance institutions, pension funds, sovereign wealth funds, fund of funds, family offices and foundations and high net worth individuals.

Aureos Capital’s EMERGE fund invests in FMCG company for Central American expansion was last modified: December 13th, 2012 by Editor
Central AmericaCosta RicaDealMember Firm
0
Facebook Twitter Google +

Leave a Comment

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Tech Growth Membership

The 2023 LAVCA Startup Founders Survey is made possible thanks to the support of LAVCA’s Tech Growth Membership, a group of leading tech companies and investors advancing the tech ecosystem in Latin America including AWS, Mercado Libre, Microsoft, Qualcomm Ventures, SVB, Riverwood Capital, Google and Movile.

VC Partner Events

    Tweets

    Missing consumer key - please check your settings in admin > Settings > Twitter Feed Auth

    Submit VC News

    Have private equity or venture capital related news that you would like to share? Submit your press releases and news to [email protected].

    VC Industry News

    • Valor Capital Group and NFX Co-Lead USD9.3m Series A for Brazil’s Praso

      30 August 2023
    • EQT Growth Leads USD85m Series F for Brazil’s Gympass at USD2.2b Valuation

      23 August 2023
    • Tiger Global Leads USD61m Series B for Brazil’s Nomad 

      22 August 2023
    • NASZCA and IDB Invest Lead USD15.5m Series A for Mexico’s Wonder Brands

      17 August 2023
    • Victory Park Capital Provides USD100m Credit Facility for Mexico’s Klar

      15 August 2023
    • General Catalyst Lead USD45m Series B for Brazil’s Tractian

      7 August 2023
    • General Catalyst Leads USD45m Round for Brazil’s Tractian

      7 August 2023
    • ADQ Provides USD100m In Convertible Debt to Brazil’s Loft

      2 August 2023
    • Danish SDG Investment Fund Leads USD31.5m Series C for Mexico’s Bright  

      27 July 2023
    • Colombia’s Foodology Raises USD17m from Andreessen Horowitz, 30N Ventures and Chimera

      19 July 2023

    About LAVCA

     

    LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

    LAVCA Office

        New York City:
        589 8th Ave, 18th Floor
        New York, NY 10018

    Explore LAVCA.org

    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact Us
    • Membership Benefits
    • Members Only Access
    • Education and Programs
    • Research
    • Policy
    • LAVCA VC
    • Contact Us

    @2020 - LAVCA. All Rights Reserved.


    Back To Top