Sygnus Deneb Investments Limited (SDI), which is the private equity firm under Sygnus Capital, has made a strategic investment in CS&T Group Limited. Facey Group is the majority shareholder of CS&T and by partnering with Sygnus and allowing them to become a part of the project, it will allow CS&T to get the necessary cash to grow and capitalize on the regional opportunities, especially in the e-commerce space.
The company is already looking to provide freight forwarding and commercial warehousing space in Jamaica.
“This investment in CS&T is aligned with SDI’s strategy of providing growth capital in key growth industries, as we continue to expand our regional footprint,” said Ike Johnson, Chief Operating Officer, Co-Founder, and Head of Private Equity at Sygnus.
PB Scott, Chairman of CS&T states that this partnership will strengthen both parties going forward.
“Sygnus and the Facey Group have had a longstanding relationship and partnership over the last five years. CS & T is a leading regional shipping and logistics business that is poised for significant growth in Central America and the Caribbean. We are very excited to partner with Sygnus as we accelerate the growth path of the company over the next few years,” he said.
This deal is the second investment SDI has made within the last three months following its successful acquisition of a stake in Chukka Caribbean Holdings. This deal definitely looks like a net positive for the company.
