"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."
Liberty Global and Cable & Wireless announce a recommended offer by Liberty Global to acquire Cable & Wireless
Barbados
November 16, 2015
In January of this year Portland Private Equity was pleased to announce that the first investment of Portland Caribbean Fund II would provide continued exposure to growth in the Latin American and Caribbean telecom sector. The recent announcement by Liberty Global of its intent to acquire Cable & Wireless validates the investment thesis underlying Portland Caribbean Fund II’s first investment.
Mike Fries, CEO of Liberty Global, said, “The acquisition of Cable & Wireless represents a watershed moment for our recently created LiLAC platform. It will add significant scale and management depth to our fast growing operations in Latin America and the Caribbean, while creating a new regional consumer and B2B powerhouse.”
Contact:
For more information visit www.portlandpe.com or contact Douglas Hewson at dhewson@portlandpe.com.
About Portland Private Equity:
Based in Barbados, Portland Private Equity is a private equity fund management company currently focused on opportunities in the Caribbean region through its management of the AIC Caribbean Fund (ACF). Building on Portland’s track record of successful investments throughout the Caribbean region, ACF is a ~$230M fund focused on medium-sized businesses. Companies in Portland’s portfolio do business in over 20 countries throughout the Caribbean, Central America, and Latin America.