THE JMMB Group, through its private equity vehicle Vertex SME Holdings Limited (Vertex), has taken a 25 per cent stake in ICR Holdings, a car rental company. Vertex is managed by JMMB Securities L.
ICR Holdings, the entity which recently acquired Island Car Rentals and Jamaica Rental Company in a $2.7-billion deal, is set to steer a new chapter in its history, navigating into regional market.
ICR Holdings Limited, a new holding company, has acquired Island Car Rentals and Jamaica Rental Company in a deal worth $2.7 billion with the help of funds raised by VM Wealth Management which was.
After 50 years of operation, Jamaica’s largest car rental company, Island Car Rentals Limited, now has new owners. The company changed hands nearly two months ago but is only just going public following the recent passing of founder and majority.
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