Costa Rica's junior stock market strikes cooperation agreement with Aureos Capital
Aureos Capital's Emerge Central America Growth Fund (EMERGE) has signed a cooperation agreement with Carlos Mora de la Orden, authorised sponsor of Costa Rica's junior stock market MAPA.
Thursday, May 15, 2008
As a result of the agreement, the EMERGE fund will receive preferential access to invest in MAPA-sponsored companies by Mora de la Orden. In addition, Mora de la Orden will also inform EMERGE about companies with good growth potential that have not yet joined MAPA, according to a statement. Following its investment, the EMERGE Fund then registers those companies with MAPA, in order to obtain additional financing or to realise a sale. Companies that the EMERGE Fund has invested in and that could benefit from joining the MAPA market, either from securing new financing or from a sale to other investors, will be referred to MAPA.
In Costa Rica an agreement between the Chamber of Commerce and the National Stock Exchange facilitates the capitalization of SMEs through the Alternative Market for Shares.
Emerge, a venture capital fund from Aureos Capital, acquired 48% of Costa Rican company Adalta.
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