Radar > 228541

EDJ Acquisition not giving up on Petcom bid

EDJ Acquisition no desiste de ofertar por Petcom

Intel ID : 228541
Synopsis

EDJ Acquisition, a Kingston, Jamaica-based investment manager, will not give up on submitting its bid for Jamaica-based gas stations operator, Petcom, to divestment agent Development Bank of Jamaica (DBJ), reported Jamaica Gleaner on 21 August, 2015, citing EDJ chairman, Hugh Coore.

On 19 August, it was reported DBJ received bids from Rubis Caribbean, Sol Investments and Phoenix Fuel (see related intel). EDJ Acquisition submitted its bid after the deadline, so it was rejected.

Coore noted EDJ will do consultations and announce its next step in due time.

EDJ prepared its bid with financial advisor, Proven Wealth, and legal advisor, Myers, Fletcher & Gordon.
(content in spanish)

EDJ Acquisition, empresa jamaicana de gestión de inversiones, no desistirá de presentar su oferta por la gestora jamaicana de gasolineras, Petcom, al administrador de la venta, Development Bank of Jamaica (DBJ), ha publicado Jamaica Gleaner el 21 de agosto de 2015, citando al presidente de EDJ, Hugh Coore.

El 19 de agosto, se ha informado que DBJ había recibido ofertas de Rubis Caribbean, Sol Investments y Phoenix Fuel (ver intel relacionado). EDJ Acquisition entregó su oferta fuera del horario límite, por lo cual no fue aceptada.

Coore ha señalado que EDJ se asesorará y anunciará su próximo paso a su debido tiempo.

EDJ ha preparado la oferta con su asesor financiero, Proven Wealth, y su asesor legal, Myers, Fletcher & Gordon.

Bidder

Jamaica

Advisors

retained
retained
United States
United Kingdom

Target

Jamaica

Intel ID 228541
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Date
Country
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Country
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Services and Distribution / Distribution and Retail
Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Country
Website
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.05 Corporate, Sovereign & Trade Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Financial Advisory

Legal Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.