Aureos Capital has acquired a 40% stake in Peruvian tour operator company, Condor Travel, Private Equity Wire reports. The acquisition is part of a management buyout, in which the CEO of Condor, Sammy Niego, has increased his ownership to 51%.

The purchase made by the Aureos Latin America Fund, is the fund’s 10th investment in Latin America and second in Peru. Aureos Capital is a private equity fund management firm specializing in investing in small and medium sized businesses in emerging markets.

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