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One of Jamaica’s newest investment firms, Quantas Capital Group, founded by two former bankers, has secured backing from another member of the Hendrickson family.
Quantas, in which Dr Adrian Stokes and Jacqueline Sharp are founding partners – and both of whom once worked with Scotia Group Jamaica – had its official launch last week, six months into its start-up.
“Kevin Hendrickson, an investor in our business, and Matthew Lyn, also from the Hendrickson family, are investors in Quantas. They’re strategic partners,” said Stokes, adding that institutional investors have also been taking positions in the company for which he is the chief executive while Sharp is chairman.
The Companies Office of Jamaica records show that Lyn is a director of Quantas Capital Limited alongside Stokes, Sharp, Denise Williams and Oliver McIntosh. He is also a director in a second member of the group called Quantum Investments Limited, alongside Stokes and Sharp. Meanwhile, Kevin Hendrickson sits as a director of a third outfit called Quantas Investment Management Limited ,alongside Stokes, Sharp, Williams and McIntosh. Lyn is CEO of the large poultry company CB Group, while Hendrickson owns several hotels in Kingston and Montego Bay and operates the Yummy Bakery and other businesses.
Through Quantas Advantage, the company raised close to $3 billion on the debt market last September, one of the largest capital raises in that year. Within 18 to 24 months, or by December 2024, Quantas Group also plans to float shares in Quantas Advantage through an initial public offering on the Jamaica Stock Market.