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JAM | Feb 19, 2024

Sygnus Capital lead arranges Tropical Battery’s acquisition of California-based Rose Batteries

/ Our Today

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All smiles following the successful signing by Sygnus Capital and Tropical Battery, symbolising the acquisition of Rose Electronics

Sygnus Capital Limited, a Caribbean leader in alternative investments, served as lead arranger for Tropical Battery’s recent strategic acquisition of Rose Electronics Distributing Company (Rose Batteries), which is based in San Jose, California.

Sygnus Capital arranged the total financing for the acquisition. This milestone integration into the Tropical Battery Group signifies a significant leap forward in technological prowess, innovation potential, and key financial indicators.

Gregory Samuels (L), senior vice-president and head of investment banking at Sygnus, shares handshake with Alexander Melville, managing director at Tropical Battery. 

The acquisition underscores Sygnus’ commitment to delivering solutions that drive the growth of medium-sized businesses throughout the Caribbean, aligning with its focus on impactful and sustainable investments. This move also solidifies Sygnus’ partnership with Diverze Assets, the holding company of Tropical Battery.

 (Front L to R) Gregory Samuels, senior vice-president and head of investment banking at Sygnus; and Alexander Melville, managing director at Tropical Battery, sign the acquisition agreement for Rose Electronics as (Back L to R) Steven Davis, AVP investment banking at Sygnus, and Daniel Melville, deputy managing director at Tropical Battery, look on.

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