Portland Private Equity affiliate oversubscribes Jamaican IPO
An affiliate of Portland Private Equity, a firm led by Canadian billionaire Michael Lee-Chin, has raised J$1.23 billion in an initial public offering on the Jamaica Stock Exchange. Portland JSX Ltd's IPO was oversubscribed by 23.5 percent, making it the largest of ordinary shares ever on the exchange, Portland said. Portland JSX is an investment holding company that invests in businesses in the Caribbean and Latin America, primarily via Portland Caribbean Fund II, Portland's second private equity fund. PE Hub Canada interviewed Lee-Chin in March 2015 about Portland's exit from Columbus International.
27 June 2016•3 mins read
