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Aueros invests in airport service provider Aviance Ghana19/11/2007. Source: AltAssets. 
 Emerging markets-focused private equity firm Aureos Capital, through it Aureos West Africa Fund, has completed its investment in Aviance Ghana, a cargo handling service provider at Kotoka International Airport, Ghana's largest international airport. Aureos has taken a 33 per cent stake in Aviance.
The Aureos West Africa Fund targets small to mid-sized companies in the West Africa region.
Aviance, established as a joint venture between Ferrum and Gatwick Handling (Overseas) in 1994, provides ground-handling services to KIA.
Jacob Kholi, managing partner of Aureos West Africa Fund, said, 'The investment in Aviance fits the fund's strategy of investing in companies with sound and strong fundamentals in their sectors of operation and with cross-border potential.'
Aureos West Africa Fund has made ten investments in sectors such as manufacturing, oil services, FMCG, financial services, real estate development, ICT, technical services and logistics.
Aureos plans to establish an Africa Fund with a target of approximately $400m in 2008.
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