Cainvest Acquired Sul America International Bank



Released on: May 07, 2011, 5:50 am
Author: Cainvest International Bank
Industry: Financial

Cainvest controlled by the Cohab/Aboulafia family from Brazil has announced the acquisition of the totality of shares of Sul America International Bank (Cayman) Ltd. for an undisclosed amount. Cainvest announced an investment of US$ 30 million and renamed the acquired Bank to Cainvest International Bank Ltd.

"We were very impressed with the high level of regulation from the Cayman Islands Monetary Authority and the number of top-of-class service providers with physical presence in the Island. We understand now why the country ranks as the fifth-largest banking center in the world and look forward for a long lasting presence in the country." states Charles Aboulafia, co-founder and managing director of Cainvest.

The Cohab/Aboulafia family owns an asset manager specialized in Latin American Corporate Eurobonds and a boutique Investment Bank in Brazil. The family also controls Trisoft Group, a conglomerate of manufacturing companies leader in the non-woven industry in Brazil.

Contact Details: Tel: +1 345 747 5555
Fax: +1 345 747 5554
Harbour Place, 103 South Church Street, 5th Floor, Grand Cayman Cayman Islands



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