On May 22, 2008, British-European private equity fund Aureos Capital closed a $5 million investment in Mexican transportation equipment leasing company Analistas de Recursos Globales, S.A. de C.V. (ARG) through its Aureos Latin America Fund (ALAF). ALAF is a $300 million fund that targets Mexico, the Central America Region and the Andean Region. The press release said that “ARG, which started operations in 2001, provides operating leases of transportation equipment like automobiles, trailers and specialized vehicles and provides fleet management services for companies. It focuses on small and medium-sized Mexican companies that find it difficult to obtain leasing contracts through commercial banks.”
According to its website, Aureos Capital was established in 2001 as a global private equity fund manager specialized in providing expansion and buy-out capital to unlisted mid-cap businesses in emerging markets. Aureos aims to double funds under management to US$ 1.2 billion in the next 2 years, and will launch new funds in Latin America, Central Asia, and Pan Africa.
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