(Aureos Capital) May 4, 2011 – Aureos Capital Limited’s Emerge Central America Growth Fund (EMERGE) has provided Mayaland Villas Inc., owner of Ka’ana Boutique Resort in Belize, with a facility to expand its operations.
Aureos is a leading private equity fund management company specializing in investing in small and medium sized businesses in emerging markets. This is the ninth investment for its EMERGE fund.
Ka’ana is ranked as the number one hotel in its region by TripAdvisor and was a TripAdvisor Travellers’ Choice 2010 Romance Winner for Central and South America. The hotel, which currently has 15 rooms, is Belize’s first Small Luxury Hotel of The World.
Set on 16 acres, Ka’ana is located in the Cayo district of Belize, 9 miles from the Guatemalan border and accessible by road from Belize International Airport in 90 minutes.
According to Aureos, Ka’ana is a leader in responsible tourism and demonstrates a strong commitment to ensuring that its development and growth have low impact on the environment and a positive effect on the local community.
Ronan Hannan, partner and manager of Ka’ana comments: “We at Ka’ana are delighted to have cemented this agreement with EMERGE and feel they are an excellent partner to support our continued growth and success. We see this financial commitment as a symbol of confidence in the strength and depth of our operational abilities, as well as our future vision for the company.”
“With the agreement now in place, we look forward to executing our expansion plans and consolidating Ka’ana as the premier luxury adventure resort in Belize.”
José Ulate, Manager of EMERGE in Costa Rica, says: “Belize is a country of impressive natural beauty and an extraordinary Mayan heritage. Ka’ana offers the demanding tourist the possibility of experiencing Belize through a world class hotel with a strong local character. The atmosphere and level of service at Ka’ana are truly remarkable and unlike most in the Central American region. EMERGE’s investment, the expansion plans and the highly qualified management team all assure great success in Ka’ana’s future.”
AUREOS CAPITAL LTD
Aureos Capital is a private equity fund management company which specialises in providing expansion and buy-out capital to small and medium sized 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.