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Sygnus Capital facilitates acquisition for Tropical Battery

Published:Wednesday | February 21, 2024 | 12:10 AM
Gregory Samuels (right, seated), senior vice president and head of investment banking at Sygnus Capital, and Alexander Melville (seated, left), managing director at Tropical Battery, sign an acquisition agreement of Rose Electronics as Steven Davis, assist
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Gregory Samuels (right, seated), senior vice president and head of investment banking at Sygnus Capital, and Alexander Melville (seated, left), managing director at Tropical Battery, sign an acquisition agreement of Rose Electronics as Steven Davis, assistant vice president investment banking at Sygnus, and Daniel Melville (stanring, right), deputy managing director at Tropical Battery, look on.

Sygnus Capital Limited, a Caribbean leader in alternative investments, served as lead arranger for Tropical Battery’s recent strategic acquisition of Rose Electronics Distributing Company (Rose Batteries), based in San Jose, California. Sygnus Capital arranged the total financing for the acquisition.

This milestone integration into Tropical Battery’s group of companies signifies a significant leap forward in technological prowess, innovation potential, and key financial indicators. The acquisition underscores Sygnus’ commitment to delivering solutions that drive the growth of medium-sized businesses throughout the Caribbean, aligning with its focus on impactful and sustainable investments.

Moreover, this move solidifies Sygnus’ partnership with Diverze Assets, the holding company of Tropical Battery. The acquisition of overseas assets by a Jamaican company will in turn bolster foreign exchange inflows into the island.