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SSL Ventures signs equity agreement with three portfolio companies

SSL Ventures Capital Jamaica Ltd (SSL Ventures) has acquired stakes in a diverse set of start-up businesses as it looks to turn around bottom-line results on what was previously known as a cash-strapped music company.

On Wednesday, SSL Ventures, in a notice to shareholders on the Jamaica Stock Exchange, said it has signed off on equity arrangements with three portfolio companies, one being a distribution and branding company with plans to expand products from at least one of its contracts, across all 14 parishes in Jamaica.

The agreements were signed between the months of July and August.

According to SSL Ventures, an agreement was signed with Bar Central Ltd (BCL) on July 2, 2018. The distribution and branding company currently has contracts with a global-branded beverage company and one of the Caribbean’s largest manufacturers to service the bar market in five parishes.

“BCL is positioned to capture a significant share of the market given the company’s unique value proposition of offering distribution and branding services, while maintaining the relationship with small bar owners,” SSL Ventures told shareholders.

The company then went on to sign an agreement with marketing agency and content production company, Muse 360 Integrated Ltd. Muse’s services spans creative development, project management, design, film production, photography, radio production and events management.

Published in the Jamaica Observer
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