PROVEN APO is back
WILLIAMS... we think the opportunity exists now for fairly priced private equity and real estateinvestments

Citing numerous positive opportunities to be realised alongside significant pipelined deals, PROVEN Investments Limited has announced that its additional public offer (APO) is back.

The offer, which opens on January 8 and closes January 29, 2021, is to raise US$20 million with an option to upsize to US$30 million. The proceeds will be used by the company to build its capital base and pursue expansion and acquisition opportunities.

“We think the opportunity exists now for fairly priced private equity and real estate investments. As such, we are bullish, and the launch of the APO at this time is a result of our optimistic outlook and we look forward to 2021 and the opportunities that are to be realised,” a company release on Friday quotes Christopher Williams, co-founder and CEO PROVEN Management Limited, investment managers for PROVEN Investments Limited (PIL).

Williams noted that the last offer, made in early March and suspended March 13, was impacted by the emergence of the novel coronavirus pandemic which saw contemplative and uncertain market conditions.

In its news release on Friday, PROVEN said that as a pioneering investment holding company with a track record of success spanning a decade of operation, it is resolute in its strategic pursuits and deems the current economic prospects as advantageous. “This as businesses align, recover and advance amidst the fresh optimism for the new year on the public health efforts to contain the novel coronavirus pandemic.”

The company said it has made the announcement of the renewed APO having obtained all the regulatory approvals. It also said that the full prospectus and details are available on;;; and with PROVEN Wealth being the lead broker and arranger.

Selling agents are Barita Investments Ltd, GK Capital Management Ltd; JMMB Securities Ltd; JN Fund Managers Ltd; Mayberry Investments Ltd; Sagicor Investments Ltd; Scotia Investments Ja Ltd; Stocks and Securities Ltd; and VM Wealth Management Ltd.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at


  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email:
  7. Lastly, read our Terms and Conditions and Privacy Policy