Executive Chairman of Norbrook Equity Partners, Khary Robinson, says the company has already signed for at least one of its subsidiaries to go public on the Jamaica Stock Exchange (JSE) this year, with a second to follow.

Robinson made the announcement while speaking on Taking Stock with Kalilah Reynolds

Norbrook Equity Partners is an investment holding company which owns and operates nine companies across the Caribbean.  These include Mailpac, which is already public, Express Fitness, Blueprint, Dryva and Happy Ice.

“We’ve already signed for at least one of our businesses to go public. Likely this year we will have two.  It’s just a matter of when that time will be,” Robinson said.

While he did not give specifics, Robinson said the group was heavily impacted by the COVID-19 pandemic, but has rebounded strongly.

“We had a number of businesses that were affected throughout the pandemic, all of which became more nimble, more efficient during that period and now have come back to be much bigger and stronger than pre-pandemic,” he said.

Robinson said the company expected to go public this year will be revealed soon.  He added that it is doing extremely well and has significant upside to grow. 

“And financially it has done extremely well coming out of COVID and we’re excited to leverage the market and get growth capital and continue to push that business not just in Jamaica but in the region,” he said.

Norbrook Equity Partners is also the parent of e-commerce company MailPac Group, which is listed on the Junior Market of the Jamaica Stock Exchange (JSE).

WATCH THE INTERVIEW HERE