• Jamaica Gleaner: GraceKennedy Lands Media Rights To High School Sports Events

    GraceKennedy (GK) has secured the media rights to all Inter Secondary Schools’ Sporting Association (ISSA) events for the next 15 years. While the group of companies has been a long-time supporter of sports at the secondary level – it spends around US$1 million a year sponsoring Boys and Girls Athletics Championship (Champs) alone – the […]

  • Jamaica Gleaner: GK Capital Targeting Media, Energy, BPO For Investment

    GraceKennedy Limited plans to tap into new areas of business previously unexplored by the conglomerate, but will mostly do so as an investor through its private equity/ investment advisory arm, GK Capital, and not as an operating partner. GracKennedy group CEO and chairman of GK Capital management Limited, Don Wehby, says the investment company will […]

  • Jamaica Gleaner: GraceKennedy Selling Hardware & Lumber

    GraceKennedy is selling its majority holdings in Hardware & Lumber (H&L) Limited and has struck a conditional agreement with an unnamed buyer. The sale includes H&L’s Rapid True Value and AgroGrace businesses. GraceKennedy CEO Don Wehby says GK entered into a conditional agreement on April 22 to sell its 58.1 per cent shareholdings in H&L. […]

  • Jamaica Gleaner: Unipet Weighing Options, Hires GK Capital As Financial Advisor

    The owners of Jamaica’s first home-grown petroleum marketing company, United Petroleum (Unipet), are exploring their options after some 25 years of operation, but chairman Paul Abrahams is refusing to say whether that includes sale of the business. Abrahams redirected queries to GK Capital, which Unipet recently retained as financial adviser. Unipet’s network covers nine service […]

  • Jamaica Gleaner: After Sale Of FGFS, GK Capital Focused On Fundraising, Advisory Services

    GraceKennedy’s investment subsidiary is temporarily shut out of securities trading, an agreement reached during the sale of First Global Financial Services to Proven Investments Limited, but may re-enter the market in less than a year, the Financial Gleaner understands. GraceKennedy Limited created a new firm in the aftermath of the sale, GK Capital, but that […]

  • Jamaica Observer: 2 local firms among bidders to run NMIA

    KINGSTON, Jamaica – Two local companies are among five bidders shortlisted to participate in the bidding process to operate, finance, develop, and maintain the Norman Manley International Airport (NMIA). The Ministry of Transport, Works and Housing announced in a release Tuesday that GraceKennedy Group and Jamaica Producers Group Ltd are part of the consortiums shortlisted […]

  • RJR News Online: Preferred bidders for NMIA named

    The Government of Jamaica has revealed the names of the entities short-listed as preferred bidders for the privatisation of Kingston’s Norman Manley International Airport (NMIA). Those selected are Cedicor S.A. (Aeropuertos Argentina 2000 S.A.); Zurich Airport International AG and A-Port Chile S.A; Korea Airport Corporation Latin America and GK Capital Management Limited; China Harbour Engineering […]

  • Jamaica Observer: GK Capital eyes big stake in venture capital funds

    GK Capital Management plans to invest big in the venture capital market in Jamaica. The investment company might even take a few of the companies that it invests in to market “whether through the stock exchange or through the junior stock exchange”, according to GraceKennedy Group CEO, Don Wehby. Previously, GK Capital signalled that it […]

  • Jamaica Gleaner: GK rethinking venture capital strategy – Buys bigger stake in St Lucian general insurer

    GraceKennedy has more expansion plans for Jamaica and the Caribbean, which include the takeover of St Lucian company EC Global and its foray into Jamaica’s evolving venture capital market through new subsidiary GK Capital Management Limited, says Group CEO Don Wehby. GraceKennedy Financial Group (GKFG) announced its additional 50 per cent acquisition of a stake […]

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