SYGNUS, the Jamaica-based alternative investments company, has its eyes set on being a major player in the Spanish-speaking Caribbean using the recently acquired Puerto Rico-based Acrecent Financial Corporation to pursue the aim.

Sygnus Credit Investments completed the acquisition of 93.66 per cent Acrecent Financial on February 28 through its SCI Puerto Rico subsidiary for US$21 million. The founding principals of Acrecent retain the other 6.34 per cent. The stake was acquired from Darby Overseas Limited, a Franklin Templeton subsidiary with Sygnus beating out interests from both Puerto Rico and the mainland United States. Franklin Templeton is a US-based global investment firm with US$1.5 trillion in assets.

 

With the acquisition settled, the company is now looking to execute its growth strategy in the region.

https://www.jamaicaobserver.com/business-report/lac-ambition-sygnus-targets-growth-in-spanish-speaking-countries_247404