December 23, 2021
On December 22, 2021, Sygnus Credit Investments Limited (SCI) through its newly formed subsidiary SCI Puerto Rico Inc., entered into a Stock Purchase Agreement to acquire a majority interest in Acrecent Financial Corporation (‘AFC’) – one of the largest private credit companies in Puerto Rico.
The proposed acquisition is aligned with SCI’s strategy of providing alternative financing to middle‑market businesses across the Caribbean region. Completion of the acquisition is subject to approval by the Puerto Rican regulator, the Office of the Commissioner of Financial Institutions (OCFI). The executive management team of AFC will remain partners with SCI.
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