Small- and mid-cap-focused private equity fund manager Aureos Capital has acquired a significant stake in Peruvian restaurant group Acurio Restaurantes through the Aureos Latin America Fund (ALAF). Acurio Restaurantes operates 32 casual and fine-dining restaurants, including 19 in major cities outside Peru, and plans to continue its expansion into North American and European markets. Acurio Restaurantes is ALAF’s twelfth investment overall and third in Peru. Financial terms of the transaction were not disclosed.