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Aureos Emerge fund invests in Costa Rican company

Aureos Capital’s Emerge Central America Growth Fund has acquired a 48 per cent stake in Adalta, a Costa Rica based company that specialises in the production of house and car cleaning products and insecticides.

Adalta was created through a management buyout of a division of Corporación CEK, the Costa Rican manufacturer and retailer.
 
This is the seventh investment for the Emerge fund.
 
David Barboza, Adalta’s general manager, says: “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.”
 
José Ulate (pictured), Aureos’ fund partner in Costa Rica, adds: “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.”

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