Sygnus Credit Investments Limited (“SCI”) wishes to advise that on December 22, 2021, SCI, through its newly formed subsidiary SCI Puerto Rico Inc., entered into a Stock Purchase Agreement to acquire a majority interest in Acrecent Financial Corporation (“AFC”), one of the largest private credit companies in Puerto Rico. The executive management team of AFC will remain partners with SCI.
The proposed acquisition is aligned with SCI’s strategy of providing alternative financing to middle‑market businesses (“Portfolio Companies”) across the Caribbean region.
Completion of the acquisition is subject to approval by the Puerto Rican regulator, the Office of the Commissioner of Financial Institutions (OCFI).
