"The team at Portland Private Equity understands the property and casualty insurance business and the nuances of business building in Jamaica. They have proven to be deeply knowledgable and well connected investors and I view them as valuable mentors and constructive contributors on the board of directors."
PBS Announces Significant Expansion into Costa Rica
Jamaica
February 1, 2020
Highlights
- PBS to investment more than #3 million in Costa Rica expansion
PBS, a public company listed in Jamaica and Barbados, with a presence in 16 countries in the Central America, Caribbean and Colombia region, plans an aggressive expansion strategy in Costa Rica, with an investment of more than $ 3 million. At the end of 2019 PBS completed the acquisition of Hightech Consulting and this has formed the basis for the expansion. As CEO Pedro Paris notes, "In an environment of economic pessimism, it is an extremely positive message that a multinational invests in the way we are doing".
For more, see:
Contact:
For more information visit www.portlandpe.com or contact Douglas Hewson at dhewson@portlandpe.com.
About Portland Private Equity:
Portland Private Equity is a private equity fund management company currently focused on private equity growth opportunities in the Caribbean, Central America, and Colombia through its management of the AIC Caribbean Fund and its successor, Portland Caribbean Fund II.