Dequity is now working with Mayberry to organize its listing on the main market of the Jamaica Stock Exchange (JSE). Dequity is a local private capital firm that has been steadily growing over the years ever since its inception in December 2020.
Serial entrepreneur and founder Kadeen Mairs is the majority stakeholder in this venture which is chaired by economist Dr. Damien King and run by CEO Adrian Smith.
Mr. Smith commented on the overall strategy for Dequity along with the firm’s current state.
“We’ve reached a limit with our money and we think that an association with Mayberry will help us raise the necessary capital that will allow us to take advantage of other opportunities that have come our way since we’ve been growing the company over the past two years,” Smith said.
Mr. Mairs also commented on the overall strategy for Dequity.
“We don’t try to take over a founder’s business but rather, take an associate stake, investing 20 to 30 percent of the valuation, and help them to grow in readiness for the capital market, where they can list and realize the value of the company,” he said.
Ever since Dequity started operation, they have invested in a list of Jamaican companies such as Royal Medical and Imaging in Savanna-la-Mar, Westmoreland that is currently looking to expand.
The firm has also invested in Johnston Development Group, JDG, which is working on its residential complex in Graham Heights.
Dequity also plans to list one of its portfolio companies on the junior market.
