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Crown Capital Partners Assigned Issuer Rating by DBRS Limited

Crown Capital Partners Assigned Issuer Rating by DBRS Limited

CALGARY, March 28, 2018 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced that DBRS Limited (DBRS) has assigned the Corporation a Long-Term Issuer Rating of BB (low) with a stable trend. This is Crown’s first rating by any credit rating agency.

“This initial credit rating represents another milestone for Crown and supports our objective to build and diversify our capital sources to provide additional avenues for growth,” said Chris Johnson, President and CEO of Crown. “We continue to experience strong demand for our investment strategies from institutional investors.  Having established an issuer rating for Crown, we can begin to access an additional level of capital from these investors.”

Refer to DBRS for additional details about the Rating Report.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding Crown’s transaction pipeline and its plans to build and diversify capital sources. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Crown Capital Partners Assigned Issuer Rating by DBRS Limited2021-01-18T20:05:17-05:00

Crown Capital Partners Appoints Larry Pollock to Board of Directors

CALGARY, March 6, 2018 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the appointment of experienced financial services executive Larry Pollock to its Board of Directors.

Mr. Pollock was appointed as a Director and President and Chief Executive Officer of Canadian Western Bank (“CWB”) in 1990, where he had a distinguished 23-year career. During his time as CEO, CWB’s market capitalization grew from $16 million to $2.3 billion and its assets increased to $17 billion by the time of his retirement in 2013.

Mr. Pollock has extensive corporate governance experience. He is currently a trustee of Melcor REIT (TSX:MR.UN), and he has also served as the Chair of HNZ Group Inc. (TSX:HNZ) and a Director of Westjet Airlines Ltd. (TSX:WJA), EPCOR Utilities Inc. and Clark Builders.

“We are incredibly pleased to welcome Larry to Crown’s Board of Directors,” said Chris Johnson, President and CEO of Crown. “He is a highly accomplished executive with a deep understanding of the regulated financial services sector in Canada, including the lending business, and is a proven company-builder. Larry led CWB through a long period of growth, and his experience and insights will add tremendous value as we execute on our growth strategy.”

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the alternative financial market and the general economy, transaction pipeline, Crown’s business plans and strategy, including anticipated capital deployments and the timing thereof, and Crown’s future cash flow and shareholder value. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Crown Capital Partners Appoints Larry Pollock to Board of Directors2021-01-18T20:05:19-05:00

Crown Capital Partners Announces Financial Results for Q4 and Full-Year 2017

CALGARY, March 2, 2018 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced its financial results for the fourth quarter and year ended December 31, 2017. Crown’s complete financial statements and management’s discussion and analysis for the three- and twelve-month periods ended December 31, 2017 are available on SEDAR at www.sedar.com.

2017 Financial & Operating Highlights

  • Total revenue of $29.0 million, an increase of 58% from $18.4 million in 2016.
  • Net income, net of non-controlling interests, of $6.7 million (2016 – $5.1 million), or $0.71 per common share (basic) (2016 – $0.54).
  • Adjusted EBIT1 of $11.5 million, up by 28% from $9.0 million in 2016.
  • Crown Capital Fund IV, LP (“Crown IV LP”), an investment fund managed by Crown in which Crown holds an effective 36.5% interest, deployed $113.6 million in 2017, including $18.2 million that was redeployed into a new investment in RBee Aggregate Consulting Ltd. (“RBee”).
  • Total equity per common share (basic) increased to $10.98 at year-end (2016 – $10.67).
  • Total assets of $229.1 million at December 31, 2017, up from $182.4 million at December 31, 2016.
  • Dividends paid in 2017 totaled $0.50 per share.

Q4 2017 Financial & Operating Highlights

  • Total revenue of $8.9 million, a 65% increase from $5.4 million in 2016.
  • Net income, net of non-controlling interests, of $2.1 million (2016 – $0.9 million), or $0.22 per common share (basic) (2016 – $0.09).
  • Adjusted EBIT1 of $3.4 million, an increase of 90% from $1.8 million in 2016.
  • On December 1, 2017 paid a quarterly dividend of $0.13 per common share.
  • Announced progress on the realization of loans to Petrowest Corporation (“Petrowest”) and that Crown now expects CCF IV LP to recover, through its ownership interest in and loan to RBee and from other cash proceeds on the sale of Petrowest’s assets, the full amount of its outstanding loan to Petrowest in addition to all interest and certain fees receivable from Petrowest.
  • In addition to its new investment in RBee, Crown IV LP deployed $15 million in the quarter through two transactions:
    • $8 million term loan to Canadian Helicopters Limited
    • $7 million term loan to Active Exhaust Corp.
  • Subsequent to quarter end, Crown Fund IV and two syndicate partners provided a $33 million (Crown Fund IV interest – $30 million), 60-month term loan to Baylin Technologies and Crown announced a quarterly dividend of $0.15 per common share, payable on March 2, 2018.

“It was solid fourth quarter financially and operationally, highlighted by 65% growth in revenue, a 90% increase in Adjusted EBIT, and three new investments,” said Chris Johnson, President and CEO of Crown. “In addition to the six new companies we added to the portfolio in 2017, we made important progress with the realization of our loans to Petrowest and started 2018 with a $33 million loan to Baylin.”

Mr. Johnson added: “In 2018, our focus is to continue to build a diversified portfolio of high-quality businesses, which will drive both short-term and longer-term revenue for Crown. Entrepreneurs need intelligent, non-dilutive capital alternatives, and Crown has an exceptional platform to serve their needs. We continue to see strong demand and a healthy transaction pipeline for 2018. As we deploy more capital, we are well positioned to grow revenue, cash flow and return on equity while increasing our quarterly dividend to shareholders. We recently moved the dividend to $0.15 per share – a 36% increase since the start of 2016. The demand from mid-market borrowers is matched by continued strong demand from institutional investors for Crown IV LP and, generally, for access to private credit. These conditions support our objective to further build and diversify our capital base this year.”

  1. Adjusted EBIT is not a measure of financial performance (nor does it have a standardized meaning) under IFRS. In evaluating this measure, investors should consider that the methodology applied in calculating this measure may differ among companies and analysts. Adjusted EBIT is calculated by Crown as earnings before non-cash share-based compensation, finance costs and income taxes less net income and comprehensive income attributable to non-controlling interests. The Corporation has provided a reconciliation of earnings before income taxes to Adjusted EBIT in this news release. The Corporation believes Adjusted EBIT is a useful supplemental measure that may assist investors in assessing the financial performance and the cash anticipated to be generated by Crown’s business. Adjusted EBIT should not be considered as the sole measure of Crown’s performance and should not be considered in isolation from, or as a substitute for, analysis of the Corporation’s financial statements.

Conference Call & Webcast

Crown will host a conference call to discuss its Q4 2017 financial results at 8:30 a.m. EDT on March 2, 2018. The call will be hosted by Chris Johnson, President & CEO, and Michael Overvelde, CFO. To participate in the call, dial 647-427-7450 or 1-888-231-8191 using the conference ID 2786778. The audio webcast can be accessed at www.crowncapital.ca under Investor Relations or http://bit.ly/2sjbKF7. Listeners should access the webcast or call 10-15 minutes before the start time to ensure they are connected.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the alternative financial market and the general economy, transaction pipeline, Crown’s business plans and strategy, including anticipated capital deployments and the timing thereof, and Crown’s future cash flow and shareholder value. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Crown Capital Partners Announces Financial Results for Q4 and Full-Year 20172021-01-18T20:05:21-05:00

Notice of Crown Capital Q4 2017 Results Conference Call

Company”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced it will host a conference call to discuss its 2017 fourth quarter and full-year financial results on March 2, 2018 at 8:30 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Crown will issue its financial results on the morning of March 2, 2018.

CONFERENCE CALL DETAILS

DATE:  Friday, March 2, 2018

TIME:  8:30 a.m. EST

DIAL IN NUMBER:  (647) 427-7450 or (888) 231-8191

CONFERENCE ID:  2786778

REPLAY:  (416) 849-0833 or (855) 859-2056

Available until midnight (EST) March 9, 2018

WEBCAST:  The audio webcast can be accessed at www.crowncapital.ca under Investor Relations or at http://bit.ly/2sjbKF7

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

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Notice of Crown Capital Q4 2017 Results Conference Call2021-01-18T20:23:11-05:00

Crown Capital Increases Quarterly Dividend by 15% to $0.15 Per Share

Third dividend increase since February 2017 underscores continued growth of the portfolio and strong income generation

CALGARY, February 6, 2018 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced that its Board of Directors has declared a dividend of $0.15 per common share, payable on March 2, 2018 to all shareholders of record as of the close of business on February 16, 2018. This dividend represents an increase of 15% over Crown’s previous quarterly dividend of $0.13 per share.

“Since the beginning of last year, we have increased the dividend three times for a total increase of 36%, reflecting our success in building the investment portfolio and our positive outlook for continued growth,” said Chris Johnson, President and CEO of Crown. “We enable entrepreneurs and mid-market businesses to grow and create value, and we see increasing demand for our capital solutions. As we further scale the business, we expect to provide Crown investors with an increasing dividend, combined with continued growth in our book value.”

This dividend is designated by the Company to be an “eligible dividend” pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial or territorial legislation pertaining to eligible dividends. Shareholders with questions regarding the tax treatment of dividends should consult with their own tax advisors.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified using forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the future growth of the dividend and book value. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s Annual Information Form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Crown Capital Increases Quarterly Dividend by 15% to $0.15 Per Share2021-01-18T20:23:14-05:00

Crown Capital Partners Completes $33.0 Million Term Loan with Baylin Technologies

Proceeds used to finance acquisition of Advantech Wireless Inc.’s RF and Microwave Divisions

CALGARY, January 17, 2018 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the closing of a $33.0 million term loan (the “Agreement”) to Baylin Technologies Inc. (“Baylin”) (TSX: BYL), a global provider of innovative wireless antenna solutions with over 39 years of experience in designing, manufacturing and supplying antennas for the wireless infrastructure, networking and mobile markets.

Headquartered in Toronto, Baylin maintains world-class R&D and engineering capabilities in Arizona, USA and Ottawa, Canada. Baylin is one of a few antenna manufacturers with design capabilities in indoor and outdoor cellular antenna systems, small cells, set-top boxes and mobile phones. To date, Baylin has produced more than one billion antennas and designed over 2,000 unique custom antennas. The company has production capacity of 250 million antennas per year across three manufacturing facilities in China, South Korea, and Vietnam.

Baylin has used the proceeds of the term loan to acquire the radio frequency, terrestrial microwave and antenna equipment divisions of Advantech Wireless Inc. and its affiliates (collectively, “Advantech”).  Advantech is a provider of wireless broadband communications solutions, whose innovative solutions have, for more than 25 years, enhanced the capabilities of government and commercial clients in over 150 countries. Advantech is headquartered in Montreal and has offices across North America, South America, and Europe.

“We’re pleased to support Baylin in executing this transformative acquisition,” said Chris Johnson, Crown’s President & CEO. “Baylin has the characteristics of the successful companies we target, including a long-standing, blue-chip customer base, very positive industry trends, and robust revenue and EBITDA growth. Building off its strong core business, the acquisition of Advantech’s RF and Microwave business significantly expands Baylin’s presence in the wireless infrastructure market, which is projected to grow strongly in the coming years based on the rapid rise in mobile data traffic and expectations for network connectivity anytime, anywhere.”

“The Crown team has been a valuable contributor in the acquisition of Advantech’s RF and Microwave business and we look forward to working with them as we continue to grow our business,” said Randy Dewey, President and CEO of Baylin.

The Agreement provides for a $33.0 million term loan to Baylin, of which Crown Capital Fund IV, LP (“Crown IV LP”), an investment fund managed by Crown in which Crown holds a 36.5% interest, has advanced $30.0 million. Crown syndicated $3.0 million of the loan to two of Crown Fund IV’s institutional limited partners, Portland Private Income LP and Nicola Wealth Management’s Private Debt Fund.  The term loan bears a fixed interest rate of 9.0% per annum and matures in 60 months. In addition, a total of 682,500 warrants of Baylin were issued to Crown IV LP and its syndicate partners.

Raymond James acted as exclusive placement agent to Baylin with respect to the term loan and acted as exclusive financial advisor to Baylin on the acquisition of Advantech.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified using forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the outlook and future performance of Baylin. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s Annual Information Form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Crown Capital Partners Completes $33.0 Million Term Loan with Baylin Technologies2021-01-18T20:23:16-05:00

Crown Capital Partners to Present at AltaCorp Capital’s 2018 Institutional Investor Conference

CALGARY, January 9, 2018 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced that Chris Johnson, Crown’s President & CEO, will present at the AltaCorp Capital / ATB Corporate Financial Services 6th Annual Institutional Investor Conference in Toronto.

Crown’s fireside chat is scheduled for January 11, 2018 at 2:50 p.m. EST and will also be webcast live at www.meetview.com/AltaCorp-ATB2018.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

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Crown Capital Partners to Present at AltaCorp Capital’s 2018 Institutional Investor Conference2021-01-18T20:23:18-05:00

Crown Capital Partners Announces $8.0 Million Term Loan with Canadian Helicopters Limited

CALGARY, December 29, 2017 – Crown Capital Partners Inc. (“Crown” or “the Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the closing of a $8.0 million term loan (the “Agreement”) with Canadian Helicopters Limited (“Canadian Helicopters”), which is part of the HNZ Group of Companies (“HNZ”) (TSX: HNZ), an international provider of helicopter transportation and related support services.

Canadian Helicopters is the largest helicopter transportation services company in Canada with a network of 11 strategically located fixed bases to support operations throughout the country. Canadian Helicopters owns and operates 91 light, medium, and heavy lift helicopters. In addition to charter services, Canadian Helicopters provides flight training and helicopter repair and maintenance services. Its customers include the US Department of Defense (North Warning System), Canadian Department of National Defense, Federal Government of Canada, Nova Scotia Department of Health and Bell Helicopter.

On October 31, 2017, HNZ and PHI, Inc. (“PHI”) announced they have entered into an arrangement agreement pursuant to which Don Wall, HNZ’s President and CEO, will acquire all the issued and outstanding shares of HNZ. As part of the arrangement, PHI will acquire the portion of HNZ’s offshore business conducted in New Zealand, Australia, the Philippines and Papua New Guinea, and Don Wall will retain Canadian Helicopters (the onshore operations). Total onshore revenues for the three- and nine-month periods ended September 30, 2017 were $29.2 million and $57.4 million, respectively.

“We’re pleased to support Don and his team in the acquisition of Canadian Helicopters,” said Chris Johnson, Crown’s President & CEO. “This is a very well-established operation with a solid reputation for safety and quality of service. The business is underpinned by multi-year contracts with blue-chip clients and a large fleet of owned helicopters. Going forward, the company is well positioned to benefit from improving commodity markets and an increase in the usage of helicopters for disaster relief efforts.”

“Crown’s financing solution was the ideal complement to our senior facility,” said Don Wall, President & CEO of Canadian Helicopters. “The Crown team understood our business quickly and was able to get us a commitment in less than two weeks.”

The Agreement provides for a $8.0 million term loan to Canadian Helicopters by Crown Capital Fund IV, LP, an investment fund managed by Crown and in which Crown holds a 36.5% interest. The term loan bears a fixed interest rate of 10% per annum, matures in 60 months, and includes a bonus feature based on the growth in Canadian Helicopters’ enterprise value. Canadian Helicopters has also arranged for a $75.0 million, 3-year senior credit facility led by Canadian Western Bank.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the outlook for Canadian Helicopters and the demand for its services. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s Annual Information Form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Crown Capital Partners Announces $8.0 Million Term Loan with Canadian Helicopters Limited2021-01-18T20:23:19-05:00

Crown Capital Partners Announces $7.0 Million Term Loan with Active Exhaust

CALGARY, December 21, 2017 – Crown Capital Partners Inc. (“Crown” or “the Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the closing of a $7.0 million term loan (the “Agreement”) with Active Exhaust Corp. (“Active”).

Active manufactures complete exhaust systems and components for major global original equipment manufacturers (“OEMs”) operating in the off-road equipment sector, primarily in the agricultural, construction and turf care markets. Active is headquartered in Toronto and has manufacturing operations in Toronto, as well as China and India through majority-owned joint ventures. Active has a diverse group of blue-chip OEM customers, including four of the largest equipment manufacturers in the world. Crown’s term loan will be used to support a management buyout of the minority shareholders.

“Active has a 50-year track record in the off-road equipment sector and strong fundamentals, including long-term production agreements with leading OEMs and a highly experienced and tenured management team,” said Chris Johnson, Crown’s President & CEO. “The company has experienced rapid growth in recent years and is well positioned to benefit from continued growth with their major customers, as well as increasing environmental regulations in the off-road vehicle industry. Active has invested heavily in R&D and is considered a leader in catalyzed and integrated solutions to OEMs in meeting higher emission standards.”

“Crown’s tailored solution was the optimal alternative to enable this transaction,” said Peter Hampton, President & CEO of Active Exhaust. “We were also attracted to their team’s experience supporting growth businesses like ours.”

The Agreement provides for a $7.0 million, 66-month term loan to Active by Crown Capital Fund IV, LP, an investment fund managed by Crown and in which Crown holds a 36.5% interest. In addition to the fixed interest rate, the Agreement includes a bonus feature based on the growth in Active’s enterprise value.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

 

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the outlook for Active Exhaust. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s Annual Information Form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Crown Capital Partners Announces $7.0 Million Term Loan with Active Exhaust2021-01-18T20:23:21-05:00

Crown Capital Announces Repayment of Loan by Medicure Inc.

CALGARY, November 17, 2017 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the repayment by Medicure Inc. (“Medicure”) (TSXV: MPH) of a special situations loan managed by Crown.

Medicure is a pharmaceutical company focused on the development and commercialization of therapeutics for the U.S. cardiovascular market.  Crown arranged a $60.0 million, four-year term loan to Medicure in November 2016, of which Crown Capital Fund IV, LP (“Crown IV LP”), an investment fund managed by Crown in which Crown holds a 36.5% interest, advanced $30 million, with the remaining $30 million syndicated to a limited partner in Crown’s funds. Medicure used the proceeds to purchase additional shares of Apicore, a developer and manufacturer of specialty Active Pharmaceutical Ingredients and pharmaceuticals. In October 2017, Medicure announced that it sold its interests in Apicore.

“The Apicore acquisition was a tremendous value-creating transaction for Medicure and we wish the team continued success as they advance their growth plans,” said Chris Johnson, President and CEO of Crown. “This loan generated strong returns for Crown and its investors.”

“Crown has been an excellent financial partner to Medicure, and their financing solution and speed of execution were instrumental in allowing us to execute on this very successful acquisition while minimizing dilution,” said Dr. Albert D. Friesen, Medicure’s President and Chief Executive Officer.

Medicure has prepaid this loan in full, including principal, interest and fees. Crown IV LP continues to own warrants to acquire 450,000 common shares of Medicure, exercisable at $6.50 per share.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding Crown’s dividend and future increases to the dividend. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s Annual Information Form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Crown Capital Announces Repayment of Loan by Medicure Inc.2021-01-18T20:23:23-05:00