Our partnership with OCM is the next step in growing Green Dot and expanding throughout the Caribbean. We are happy to have Capstone as our M&A advisor guiding us through the transaction.
McLean, VA (PRWEB) August 25, 2016
Capstone Strategic, Inc. (Capstone) announced today that Green Dot, Ltd. (Green Dot) has entered into an agreement to sell a 51% stake to One Caribbean Media Limited (OCM).
Green Dot, headquartered in Port of Spain, Trinidad and Tobago, is a licensed telecommunications operator offering wireless ISP and subscription TV services to residential and business customers in Trinidad and Tobago, Grenada, and Suriname. OCM is a regional media group quoted on the stock exchanges of Trinidad and Tobago and Barbados under the ticker symbol OCM. The acquisition will close subject to expected regulatory approval.
Green Dot was established in 2004 and under the leadership of CEO Ketan Patel has grown to be an established telecom service provider with a highly recognized brand name. Green Dot is the third largest provider of digital television services and the leading ISP provider in Trinidad and Tobago. Since its founding, the company has also expanded into Grenada and Suriname and is in the process of expanding into other countries in the Caribbean region.
The acquisition will allow Green Dot to leverage OCM’s marketing expertise and resources to continue distributing exclusive content to a growing subscriber base. With OCM’s investment, Green Dot can accelerate subscriber growth and continue expanding into new markets. OCM will use Green Dot’s robust infrastructure and bandwidth to promote new media content and continue its strategy of diversification in the region.
Capstone advised Green Dot on the agreement including facilitating discussions between Green Dot and OCM and providing negotiations assistance.
“Our partnership with OCM is the next step in growing Green Dot and expanding throughout the Caribbean,” said Green Dot CEO, Ketan Patel. “We are happy to have Capstone as our M&A advisor guiding us through the transaction. Their expertise, counsel and professionalism were instrumental in putting together the deal.”
“We are excited to help Green Dot continue expanding in the Caribbean. In partnering with OCM, Green Dot will execute on its strategic plan to grow in the region and bring innovative products and services to more customers,” said Capstone CEO David Braun.
“We are extremely pleased to invest in Green Dot and execute OCM’s diversification strategy. Working with the team at Green Dot and Capstone, we were able to put together a mutually beneficial deal that will help us grow strategically for years to come,” commented Dawn Thomas, the CEO of OCM.
About Capstone Strategic, Inc.
Capstone Strategic, Inc. is a management consulting firm located outside of Washington DC specializing in corporate growth strategies, primarily mergers and acquisitions for the middle market. Founded in 1995 by CEO David Braun, Capstone has facilitated over $1 billion of successful transactions in a wide variety of manufacturing and service industries. Capstone utilizes a proprietary process, “The Roadmap to Acquisitions,” to provide tailored services to clients in a broad range of domestic and international markets. Visit the Capstone website at http://www.CapstoneStrategic.com.
About Green Dot
Green Dot, Ltd. was founded in 2004 and has since become the leading innovator in telecommunication solutions. Headquartered in Port of Spain, Trinidad and Tobago, the company offers wireless ISP and subscription TV services to residential and business customers in the Caribbean region. The Green Dot network has the capacity and capabilities to support today’s mission critical applications such as Virtual Private Networks, Voice and Video over IP, as well as bandwidth intensive applications such as Enterprise Resource Planning, Customer Relationship Management, and other Business to Business functions. Green Dot is committed to delivering world class solutions backed by unmatched customer support system. Visit the Green Dot website at: http://www.gd.tt.
About One Caribbean Media Limited
One Caribbean Media Limited was created in January 2006 from the merger of two of the region’s most distinguished and long-standing media enterprises, the Caribbean Communications Network (CCN) Group (Trinidad and Tobago) and the Nation Corporation Group (Barbados). Today OCM is the largest and most diversified media organization in the Caribbean region with businesses in newspapers, radio and television. Visit the OCM website at: http://www.onecaribbeanmedia.net.