Cainvest Acquired Sul America International Bank
Released on: May 07, 2011, 5:50 am
Cainvest International Bank
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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