London based private equity firm Aureos Capital has partnered Sri Lanka’s Commercial Bank push private equity in the Bangladeshi market. London based private equity firm Aureos Capital has partnered Sri Lanka’s Commercial Bank push private equity in the Bangladeshi market. A statement on Monday said Aureos Capital, through its wholly owned subsidiary – Aureos South Asia Managers, is currently raising the Aureos South Asia Fund with a target capitalization of US$ 70 Million and is looking to make equity or quasi-equity investments up to US$4 Million in the South Asian region, specifically India, Sri Lanka and Bangladesh.
Investments made by the Fund in target companies will range from US$500,000 to US$4.0 Million.
Aureos has already established operations in Bangalore and Mumbai in India in addition to its existing operations in Sri Lanka.
Aureos with its presence in the region will look to take companies from its own established markets into neighboring markets via acquisition and/or expansion of its businesses with the right partners, the statement said.
“It will be a diversified fund, investing in businesses across