Speaking at the first official Sygnus day on Thursday, Finance Minister Dr Nigel Clarke, explained the importance of providing investment opportunities for the private sector.
Sygnus is hosting an alternative investment summit on September 22, 2022, in Kingston, Jamaica. The conference, dubbed “Sygnus Day”, will be held under the theme: “The Emergence of Regional Alternative Investments” in a hybrid format.
DESPITE the 24 per cent drop in consolidated net profit to US$3.82 million ($579.43 million) for its 2022 financial year (FY), Sygnus Credit Investments Limited (SCI) is looking to reimagine its growth profile as it focuses on expanding its private credit offerings in the region along with scaling its Puerto Rican operations.
Having completed its US$21.22-million acquisition of Puerto Rico-based Acrecent Financial Corporation on February 28, Jamaica-based Sygnus Credit Investment (SCI) says it is on the verge of completing the integration of the entity into the Sygnus family. The date for completion is set at July 2022, four months after the acquisition and much faster than the normal one to two years these transactions normally take to finalise.
Alternative investments funder Sygnus Investments indicates that it has signed luxury hospitality operator Wischermann Partners, Inc, and design and architecture firm Leo A Daly for its Mammee Bay resort development.
On the heels of Sygnus Credit Investments Limited (SCI) acquisition of Puerto Rico-based Acrecent Financial Corporation in December 2021, the Sygnus Capital Group will not only be expanding its alternative investment platform through Puerto Rico, but will expand its investment banking capabilities to Puerto Rico as well as the wider Caribbean region.
Sygnus Credit Investments (SCI) has declared a record interim dividend of US$1,550,000 following the audited results for the financial year ended June 2021.
Sygnus galvanized partners around a shared mission to support the St. Patrick’s Foundation and raises over JM$1million for COVID-19 recovery efforts.
MOST people are familiar with the phrase “if you fail to plan, you plan to fail”. Well, the same is true for tax planning.
Sygnus Credit Investments (SCI) has secured US$15 million through the issue of a debt instrument to enable Caribbean expansion.
