GraceKennedy Limited has made another acquisition, saying yesterday it had bought ONE1 Financial Limited, a young firm in Trinidad and Tobago in the business of structuring deals.

The acquisition of 90 per cent of ONE1 Financial was executed through a GK subsidiary, First Global Holdings Limited (FGH).

ONE1 Financial specialises in structured finance, securities trading, capital raising and financial advisory services.

"We are very excited about this acquisition, as it fits into our overall strategy to satisfy the financial needs of Caribbean people," said CEO of GK Investments, Don Wehby.

It is the second deal to be executed by the conglomerate's investment and financial arm, coming four months behind the purchase in March of 30 per cent of the Barbados-based insurance company, Trident.

ONE1 Financial, which started in 2005, is headed by CEO Mark Singh, former managing director of RBTT Merchant Bank.