Optimum Distributors unveils revamped website
Reading Time: 2 minutes Local dental and medical company, Optimum Distributors, unveils its revamped website, heralding a novel approach to sourcing healthcare essentials throughout Jamaica and beyond. The company says that the reimagined digital platform is meticulously crafted to redefine the healthcare procurement landscape. Optimum Distributors promises an alternative way for healthcare professionals to access and acquire crucial […]
Jamaican firm’s stake in My Ocean to fund new HQ, retail expansion
A Jamaica-based private equity firm has taken a 26 percent stake in Bahamian hand-made soap and candle company My Ocean, as the company looks to expand its manufacturing and retail footprint as well as its staffing. The deal between FirstRock Private Equity Limited and My Ocean was brokered by the Bahamas-based company Simplified Lending. The equity position taken […]
Dolla Financial strikes deal with Century 21
Dolla Financial Services has struck a deal with real estate brokerage firm Century 21 Heave-Ho Properties Limited to become the preferred financing partner for short-term loans to its clients and agents. The move will cover home purchase fees and incidentals. Dolla Financial will also be extending loans to clients of Century 21 for home acquisition, […]
First Rock offloads large stake in Dolla Financial to SVL, Mayberry
Durrant Pate/Contributor First Rock Private Equity has offloaded a large chunk of its shareholding in fast-rising micro-lender, Dolla Financial Services Limited. Our Today can confirm that First Rock Private Equity, which is the privately operated equity arm of the First Rock Group, has sold 15 per cent of its equity to Jamaican-based regional gaming operator, Supreme […]
The Optimum Distributors story
IT’S probably the dream of every college student: starting a business that will generate enough to provide financial security for years to come. But for Sheldon Powe, the founder of Optimum Distributors, that dream has been repeated more than once with a man who has become a serial entrepreneur. For starters, just a few weeks […]
FirstRock sets one-year timeline to list dental supplier Optimum Trading
FirstRock Private Equity Limited, FRPE, has taken a majority stake in Optimum Trading Limited, a distributor of dental and medical supplies in Jamaica. The terms of the takeover were not disclosed. But the private equity firm is already indicating that it first plans to expand the company’s product portfolio then list the dental supplier on […]
FirstRock Acquires Optimum Trading
As FirstRock Private Equity (FRPE) continues its growth and diversification, the company has struck a deal, acquiring Optimum Trading Limited, a leading distributor of medical and dental supplies in Jamaica. Through this acquisition, FRPE has now entered the healthcare industry in Jamaica; growing its portfolio of equity holdings in small-to-medium enterprises (SMEs) in the Caribbean […]
Dolla Financial opens its 10th branch in Jamaica
Residents of Trelawny now have a location to apply for personal and business loans Dolla Financial Services has opened its 10th branch in Trelawny, as the micro financer continues its local expansion. Residents of the parish can now apply for their personal and business loans at the location at Shop #6, 2-4 Duke Street, Falmouth. Mario […]
<em>Ultra Financier’s loan book grows to quarter-billion-dollars</em>
Recently formed asset-based company Ultra Financier Limited (Ultra) has grown its loan book to $250 million in the first two months of operations. The company, a wholly-owned subsidiary of Dolla Financial Services Limited (Dolla) began operations on October 21, 2022. Ultra provides asset-based financing to high net-worth individuals, for which there is high demand. It also reported […]
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 […]