Industry News

MPC Caribbean Clean Energy raises additional funds via a rights issue
January 31, 2020

Loop News 1 January 2020

MPC Capital AG  says it has made another important step forward to further grow its renewable energy business in Central America.

By way of a rights issue with local investors, MPC Caribbean Clean Energy successfully sold about 10 million shares, growing the equity base to about US$22 million.


MPC Caribbean Clean Energy will use the capital raised to enable investments into additional renewable energy projects in the Caribbean, it said in a statement on Friday.


The company aims to further develop and refine its renewables platform in the region, while also offering new…

Caribbean Alternative Investment Association Launched
November 22, 2019

Wednesday, November 20, 2019 Jamaica Observer

A new entity, aimed at fostering development of the local and regional alternative investment industry, has been launched. 
The not-for-profit entity, dubbed the Caribbean Alternative Investment Association (CARAIA), will promote expansion of private equity, venture capital, real estate, private capital, mezzanine financing and other alternative investment instruments.

It is anchored by the Development Bank of Jamaica (DBJ), through its Jamaica Venture Capital Programme (JVCP).

The DBJ has been able to mobilise members of Jamaica's investment community, as well as…

PanJam and Portland Private Equity Announce Acquisition of Minority Stakes in itelbpo
November 18, 2019

Caribbean News
By Sashane Shake
Nov 16, 2019 

 

KINGSTON, JAMAICA: PanJam Investment Limited (PanJam) and Portland Private Equity (Portland) announced today that they have entered into an agreement to each acquire a 15 per cent ownership stake in Outsourcing Management Limited (OML), which trades as itelbpo.

itelbpo was founded in 2012 in Montego Bay with a team of seven.  Now, it is the region’s largest, home-grown business process outsourcer, with operations in Jamaica, the Bahamas, Mexico and the United States.  It offers voice and digital contact centre services, as well as customer experience…