Economy / Guatemala
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Private Equity Guatefondo To List
September 2008 | IPO News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Private equity fund Guatefondo will become the first investment company to sell shares on the country's local stock exchange, the Bolsa de Valores Nacional (BVN). The company will initially list 25,000 shares for purchase and resale on the secondary market, an initial starting capital of US$25mn. Guatefondo provides growth capital ranging from US$0.5-5.0mn to small- and medium-sized companies and projects, predominantly in the energy, tourism, technology and agribusiness sectors. It has also been discussing short-term financing projects with university entrepreneurs who demonstrate 'operational capacity' and 'high profitability' potential.