Captain’s Pick

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I. Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I. Aureos South Asia Fund – I (ASAsiaF-I), forms part of venture capitalist, Aureos Lanka Advisers (Pvt) Ltd. The Fund’s investment committee also includes Mahendra Jayasekera (Lanka Tiles CEO), Sev Vettivetpillai (Aureos Capital Managing Director – the London-based parent company of Aureos Lanka Advisers), and Nissanka Weerasekera (Managing Partner of Aureos Lanka Advisers).

ASAsiaF-I has a US$ 10 mn kitty to invest in Sri Lanka and Bangladesh.

In 2005, a proposed ASAsiaF- II with a target capital commitment of US$ 60 mn will expand Aureos investments into India, the firm said Wednesday.

In Sri Lanka, Aureos will look to invest in established companies with a good track record and strong management that seek expansion capital by way of equity.

In addition, Aureos will also look to finance Management Buy-Outs (

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