Kintyre Holdings (JA) Limited is pursuing a multi-pronged approach to raising capital for the business as it considers a rights issue, continued private equity partnerships, and a potential overseas listing to fund its expansion drive.

As the company currently contemplates a rights issue aimed at raising approximately US$1 million, Chairman and CEO Tyrone Wilson said that discussions remain ongoing, with strategic and private investors wanting to take equity stakes in various subsidiaries.

“We have a multi-pronged approach to fund-raising, as capital is our biggest need right now,” Wilson told the Jamaica Observer recently, while noting that the company’s rapid pace of expansion requires a well-structured and sustained capital plan.

“With us expanding this fast, we’ll need to ensure that we [have] a proper capital plan in place, which we do, and have already planned out with the board and leadership team. We have a chief investment officer coming on board shortly, so that will help to drive some key decisions around all that we’re doing right now because I’m currently acting in that role,” he added.

Unlike many firms raising funds to service debt, the capital Kintyre now seeks will be directed primarily towards growth. Apart from a US$500,000 investment secured from the Michael Lee-Chin-led Portland Holdings which was structured on flexible terms, Wilson said the company now carries minimal debt.

The company is now advancing plans to access international capital markets through the creation of a US-incorporated parent, Kintyre Holdings International Inc, which management said will also support a potential listing on the New York Stock Exchange (NYSE).

“A steering committee is now being assembled to guide those plans. The committee will comprise local experts who have experience in international capital markets as well as individuals overseas, not connected with Jamaica any at all, along with some other persons from the Diaspora,” Wilson said as he indicated that the body, in guiding the listing process, will also help to broaden Kintyre’s access to “patient capital” from more mature markets.

The proposed US listing is being pursued under the Jump-start Our Business Start-ups (JOBS) Act, which allows qualifying firms with under US$1 billion in annual revenue to enter public markets as emerging growth companies with scaled regulatory requirements.

Wilson said the company, in targeting a 12 to 24-month timeline wants to make meaningful progress and to complete key submissions.

“If we don’t make significant progress…we’ll definitely abort this mission, as we’re not trying to do a five-year IPO [initial public offering],” he said.

Additionally, Kintyre, also busy exploring a possible listing for local subsidiary Visual Vibe, is also now making plans to have this done in short order, while targeting significant sums from a planned capital raise.

“We’re in the process of talking to brokers and putting our pre-prospectus document together to move ahead. We will be seeking at minimum $500 million in terms of that raise,” Wilson said to the Business Observer.

Visual Vibe, a media and advertising firm acquired in 2023, has undergone significant upgrades and expansion, including investments in new digital screens and product offerings. The finalisation of plans to acquire OOH Media is expected to further boost the company’s performance.

Kintyre’s capital push follows a period of rapid growth and portfolio expansion across multiple sectors, including real estate, media and advertising, and manufacturing.

Over the past year, the holding company, outside of closing a number of real estate deals via its Parallel Ventures business, has also acquired full shareholding of Kulcha rum along with a portfolio of consumer goods secured under a joint strategic venture with Miracle Corporation in December 2025. On the media and advertising side, the company’s continued growth with new indoor and outdoor screens has also seen it unlock substantial revenues from that segment.

Just this week, the company, through the real estate division, completed a $500-million transaction to secure a 170-acre property in Clarendon, earmarked for quarry development and wider asset-backed projects. Plans are also on the horizon to further build out its manufacturing base as the company looks to venture in the bottled water market and, very shortly, canned rum cream.

Following a 2024 rebrand from iCreate, Kintyre reported a strong turnaround last year, with profit doubling to $157.5 million on revenues of $271 million. The performance, according to the company’s directors, reflects improved efficiency and growing contributions from its diversified business lines.

“As we position for the next phase of growth, our focus is on securing flexible capital, scaling operations and building a platform capable of competing locally and globally,” Wilson said.

Kul-cha rum products (Photo: Karl Mclarty)

Bold sanitation and auto-care chemicals Kintyre acquired in a recent joint venture with Miracle Corporation (Photo: Karl Mclarty)