Sygnus expands Dutch Caribbean footprint
Sygnus executivevice-presidentand co-founderDr Ike Johnson
J'can firm takes stake in Aruba Wine & Dine

Jamaica-based regional investment group Sygnus has acquired a “significant stake” in Aruba Wine & Dine, one of the leading hospitality groups in that Dutch-ruled island in the southern Caribbean.

A news report by Curaçao Financial Group (CFG), which assisted Aruba Wine & Dine with the alliance, said the Jamaican company entered into the strategic agreement through its private equity fund, Sygnus Deneb Investments.

The acquisition represents Sygnus's effort to deepen its presence in the Dutch Caribbean.

“Sygnus recognises Aruba as a stable economy with a strong hospitality industry, and Aruba Wine & Dine — being a significant player in the industry with nine restaurants, one piano bar and a catering business — represents an attractive investment opportunity,”  Sygnus executive vice-president and co-founder Dr Ike Johnson was reported as saying.

Aruba Wine and Dine's Managing Director Kevin Slangen said his company's strong presence in the hospitality industry coupled with Sygnus's financial strength, expertise, and unique regional relationships will result in a strong partnership and the realisation of various synergies, such as decreased purchasing costs, more robust logistics and new growth opportunities.

“As a result, Aruba Wine & Dine will further enhance the quality of its products and excellence in service to the local community and the tourism industry. Furthermore, this alliance will foster increased innovation, which will augment customer experience and competitiveness in the hospitality industry,” Slangen said.

Sygnus, which is part of the group of investors that acquired the Van den Tweel group of supermarkets two years ago on Aruba (Ling & Sons), Bonaire and Curaçao, is one of the Caribbean's leading alternative investment companies with customised financial solutions that include private credit, private equity and real estate investments. Sygnus also provides wealth management, investment banking, and tax advisory services to clients across the region.

Curaçao Financial Group specialises in mergers and acquisitions, corporate financing and business valuations.

Tango Argentine Grill is one of therestaurants in the Aruba Wine &Dine group. (Photo: Kenny Theysen)
JOHNSON...Sygnus recognisesAruba as a stable economy witha strong hospitality industry
Patrons at Tango Night at Tango Argentine Grill in Aruba.
Patrons enjoy a meal at Moomba Beach Bar in Aruba.

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

Which long-term investment option is more attractive to you at the moment?