UCC chooses May­berry as fi­nan­cial ad­viser

Jamaica Gleaner - - BUSINESS - Steven Jack­son Se­nior Busi­ness Re­porter steven.jack­son@glean­erjm.com

MAY­BERRY IN­VEST­MENTS Limited an­nounced on Fri­day that it would act as fi­nan­cial ad­viser to the Univer­sity Col­lege of the Caribbean (UCC), sig­nalling that the ed­u­ca­tion in­sti­tu­tion is con­sid­er­ing rais­ing funds, pri­vately or pub­licly.

In a deal signed last week, the in­vest­ment bank will act as UCC Group’s ad­viser and lead bro­ker, May­berry told Gleaner Busi­ness.

The univer­sity is headed by Group Ex­ec­u­tive Chair­man Dr Win­ston Adams and Ex­ec­u­tive Chan­cel­lor Pro­fes­sor Den­nis Gayle.

“UCC’s ed­u­ca­tion busi­ness model has served us ex­tremely well to date, how­ever, we must keep rein­vent­ing our­selves, and May­berry In­vest­ments is the per­fect part­ner to as­sist us in achiev­ing this strate­gic ex­pan­sion goal,” said Adams.

The UCC, Ja­maica’s largest pri­vate, non-af­fil­i­ated ter­tiary in­sti­tu­tion, was founded in 2004. It is a mem­ber of the Or­gan­i­sa­tion of Amer­i­can States Con­sor­tium, the Amer­i­can Coun­cil on Ed­u­ca­tion, and the Com­mon­wealth of Learn­ing.

“We are pleased to be work­ing with one of Ja­maica’s premier higher ed­u­ca­tional in­sti­tu­tions with the hope that as­sist­ing them in rais­ing the cap­i­tal they re­quire to ex­pand will lead to greater op­por­tu­ni­ties for more stu­dents across Ja­maica, the Caribbean, and ul­ti­mately, the world to pur­sue a univer­sity ed­u­ca­tion,” said Gary Peart, CEO of May­berry, in a state­ment.

May­berry In­vest­ments, a full-ser­vice fi­nan­cial ad­vi­sory firm and bro­ker­age house, of­fers ser­vices in se­cu­ri­ties trad­ing, in­vest­ment bank­ing, and as­set man­age­ment. For 2016 to date, its ser­vices have been re­tained by at least four com­pa­nies look­ing to ex­pand or raise cap­i­tal.

The UCC Group cur­rently gets back­ing from ven­ture fund out­fit Al­pha An­gels.

“Al­pha An­gels is proud to have its sec­ond in­vest­ment into one of the re­gion’s univer­si­ties. Be­ing a part of the growth and devel­op­ment of Caribbean na­tion­als through The Univer­sity Col­lege of the Caribbean cam­pus at Wor­thing­ton Av­enue in New Kingston. Dr Win­ston Adams, pres­i­dent of the Univer­sity Col­lege of the Caribbean.

the UCC’s on­line pro­gramme that al­lows stu­dents to achieve a de­gree from any­where in the re­gion is what tech­nol­ogy and the world is about,” said Yoni Ep­stein, a mem­ber of the Al­pha An­gels net­work of in­vestors.

“Part­ner­ing with May­berry In­vest­ments on this deal also shows the ca­pac­ity of the mar­kets in Ja­maica and that SMEs can get funded out­side of the tra­di­tional av­enues if those doors close on you,” Ep­stein said.

In 2004, the UCC ex­panded to form part­ner­ships with the Florida In­ter­na­tional Univer­sity, the Univer­sity of Florida, and Florida State Univer­sity.

IN­CREASED OF­FER­INGS

In 2005, these part­ner­ships led to the cre­ation of a num­ber of train­ing pro­grammes in the fields of busi­ness, in­for­ma­tion tech­nol­ogy, and en­gi­neer­ing.

The UCC, in a bid to of­fer var­i­ous ed­u­ca­tional op­tions to stu­dents, sought and was granted per­mis­sion from the Univer­sity of London in 2008 to of­fer the Di­ploma in Law and the Bach­e­lor of Law pro­grammes.

The UCC has also col­lab­o­rated with the Com­mon­wealth of Learn­ing to of­fer the Com­mon­wealth Ex­ec­u­tive Mas­ter of Busi­ness Ad­min­is­tra­tion and the Com­mon­wealth Ex­ec­u­tive Mas­ter of Pub­lic Ad­min­is­tra­tion.

Ear­lier this month, the UCC also launched the iCreate In­sti­tute in part­ner­ship with the eMe­dia In­ter­ac­tive Group. The in­sti­tute will of­fer cer­tifi­cate pro­grammes in ad­ver­tis­ing, animation, con­tent mar­ket­ing, dig­i­tal video pro­duc­tion and pro­ject man­age­ment, and will later add a bach­e­lor’s de­gree in com­mu­ni­ca­tion de­sign.

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