CHRISTOPHER Yeung, managing director of FirstRock Private Equity Limited (now Premier Private Equity), will be leaving the firm at the end of this year to focus on his advisory business and other opportunities.

According to a source, who asked not to be identified for this story, this is so as the private equity leader has tendered his resignation. Yeung joined FirstRock Global Holdings Limited (legal name of Premier Private Equity) in January 2021 at a time when the firm only had Dolla Financial Services under the private equity portfolio.

Since then, FirstRock Private Equity (FirstRock PE) acquired a 26 per cent stake in Bahamian My Ocean Limited, 100 per cent of Optimum Trading Limited (trading as Optimum Distributors), and a 10 per cent stake in Platinum Brands, SA — a Panamanian special purpose vehicle which acquired 44 KFC and 35 Dairy Queen restaurants in June 2024. FirstRock Private Equity has since realised $1.68 billion in value from Dolla Financial Services where it retains a 20 per cent stake, relative to its initial 75 per cent stake. FirstRock PE has paid out to its investors approximately US$3 million in dividends to date.

First Rock Real Estate Investments Limited owns a 12 per cent stake in the business while Ryan Reid and Dr Michael Banbury are listed as co-founders and co-principals of the private equity firm. Former Prime Minister Bruce Golding was the chairman of First Rock Global Holdings.

Yeung formed Simple Advisory Limited with long-time friends Nicholas Dawson and Brandon Hugh in September 2022. The business is focused on financial advisory services and recently signed on AMG Packaging & Paper Company Limited as a client. Dawson currently serves as the managing partner, with other significant partnerships currently in the pipeline. The company has worked with clients in the manufacturing, tourism, and distribution industries.