Dolla Financial Lists Its $1 Billion Bonds On The Private Market
After listing its equities on the Junior Market, six months later Dolla Financial returned to the market to raise additional funds to continue its expansion drive. Dolla lists two (2) Tranches of Variable Rate Secured Corporate Bonds which were offered by way of Exempt Distribution: (a) Tranche 1- J$500,000,000 10.50% Variable Secured 3-Year Corporate Bond […]
Christopher Yeung: A passion for life and private equity
Christopher Yeung prefers to be behind the scenes but, as the co-founder and managing director of FirstRock Private Equity (PE) Limited, of late, the spotlight seems to be finding him. Most recently, with FirstRock PE as a major shareholder in Dolla Financial Services, with Yeung’s help, the initial public offering (IPO) for the company made […]
Dolla going Ultra
DOLLA Financial Services Limited will be launching its newest subsidiary, Ultra Financier Limited, on November 1 to be led by CEO David Henriques. The company was incorporated on August 3, according to the Companies Office of Jamaica records, but only received approval for its formation by its board of directors recently. The subsidiary will be […]
Jamaican equity firm buys into soap and candle making company in The Bahamas
NASSAU, Bahamas (CMC) — The Jamaica-based private equity firm FirstRock Private Equity Limited has acquired a 26 per cent stake in the local hand-made soap and candle company, My Ocean, under a deal brokered by the Bahamas-based company Simplified Lending. “The minority equity position by a regional player in The Bahamas is evidence of the […]
FirstRock Private Equity acquires stake in Bahamian company
Private equity firm FirstRock Private Equity Limited, out of Barbados, has entered into a definitive agreement with Bahamian manufacturer and retailer My Ocean Limited to purchase a minority interest in the company. FirstRock Private Equity is a member of First Rock Group but is not an affiliate or a subsidiary of FirstRock Capital Holdings, which is […]