IDB Invest Commits Up To US$30Mn To PBS For Regional Digital Services Expansion

• IDB Invest announced financing of up to US$30Mn for Productive Business Solutions Limited (PBS), to expand access to digital services and support technology adoption across Latin America and the Caribbean.
• PBS operates in 24 countries, delivering integrated engineering and technology solutions across information technology, networking and communications, security systems, print and imaging, managed services and AI-enabled solutions. PBS Group Limited is publicly traded on the Jamaica Stock Exchange and the Barbados Stock Exchange.
• The facility consists of a secured loan and a committed revolving credit facility, providing flexible funding for working capital needs and growth investments in support of the company’s growth strategy.
• Darryl White, Managing Director for the Caribbean Region at IDB Invest, said the region has companies with the experience and ambition to scale, and that IDB Invest’s role is to provide the financing and partnership needed to expand their reach and strengthen operations.
• Group CEO Pedro M. Paris said the agreement reinforces PBS’s long-term strategy of investing in the capabilities, expertise and partnerships needed to meet the region’s evolving technology needs.
• The project is expected to help more companies and institutions participate in the digital economy, contributing to productivity gains, job creation and greater access to technology in Caribbean and Central American markets.
• As at July 28^th, PBS shares trade at US$0.85 on the JSE, meaning it is down 12.8% year-to-date. At this price, it trades at an associated P/E of 75.89x, which is above the 22.58x average for USD Shares.

(Sources: Productive Business Solutions Group Ltd. And NCBCM Research)