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Ayojana renamed Aureos Lanka Advisers

Aureos Capital Ltd, a global Small and Medium Enterprise (SME) private equity fund manager acquired the remaining 50% stake in Ayojana Fund Management (Pvt) Ltd, the leading private equity fund manager in Sri Lanka from the National Development Bank in October last year and now fully owns the company. Aureos already owned 50% of Ayojana, which it purchased from CDC Group plc in July 2001.

Ayojana has changed its name to Aureos Lanka Advisers (Pvt) Ltd and is seeking new investments in selected Sri Lankan companies through the recently established Aureos South Asia Fund I (ASAF-I).

ASAF-I focussing on Sri Lanka and Bangladesh is the precursor to the planned Aureos South Asia Fund II that would also include India. ASAF-II is expected to be launched in 2005.

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