Press Releases

Press Releases2020-02-19T19:32:34+00:00

Crown Capital Provides Update on Solo Liquor Holdings Limited

CALGARY, May 28, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses,  previously disclosed that Solo Liquor Holdings Limited and Solo Liquor Stores Ltd. (collectively “Solo”) was placed in receivership on May 1, 2019 by ATB Financial, which provided credit facilities to Solo. Crown Capital Partner Funding, LP (“Crown Partners Fund”) has a $15 million loan outstanding to Solo. Crown is the manager of the fund and has an effective interest of approximately 37% in Crown Partners Fund.  In its financial results for the three months ended March 31, 2019, [...]

Crown Capital Partners Announces Q1 2019 Financial Results

CALGARY, May 7, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced its financial results for the first quarter ended March 31, 2019. Crown’s complete financial statements and management’s discussion and analysis for the three-month period ended March 31, 2019 are available on SEDAR at www.sedar.com. Q1 2019 Financial & Operating Highlights Interest revenue increased by 43% over the comparable period to $8.0 million due primarily to expansion of the investment portfolio. Fees and other income increased to $1.6 million (Q1 2018 – $0.2 million) including fees earned in [...]

Crown Capital Announces Quarterly Dividend of $0.15 Per Share

CALGARY, May 6, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that its Board of Directors has declared a dividend of $0.15 per common share, payable on May 31, 2019 to all shareholders of record as of the close of business on May 17, 2019. 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 [...]

Crown Capital Comments on Solo Liquor Holdings Limited

CALGARY, May 1, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, advises that ATB Financial (“ATB”), which provides credit facilities to Solo Liquor Holdings Limited and Solo Liquor Stores Ltd. ( collectively “Solo”), has demanded immediate repayment of all amounts owing under its credit facilities and recently filed an application with the Court of Queen’s Bench of Alberta to appoint a receiver of Solo. The Court has approved the appointment of FTI Consulting Canada Inc. as receiver. Crown Capital Partner Funding, LP (“Crown Partners Fund”) has a $15 million loan [...]

Crown Capital Partners Completes $25 Million Term Loan with Rokstad Holdings Corporation

CALGARY, April 29, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the closing of a $25 million term loan (the “Agreement”) to Rokstad Holdings Corporation (“Rokstad”), a privately held company headquartered in Coquitlam, British Columbia, that provides power line construction and maintenance services to customers across North America. Founded in 2008, Rokstad offers a full suite of power line services, including emergency and storm response, transmission and distribution line construction and maintenance and underground cable services. Rokstad is also a specialist in live line construction methods for distribution [...]

Notice of Crown Capital Q1 2019 Results Conference Call and Annual Meeting of Shareholders

CALGARY, April 25, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the details of its 2019 first quarter financial results conference call and annual meeting of shareholders, which are being held on May 7, 2019. Q1 2019 CONFERENCE CALL DATE:                                     Tuesday, May 7, 2019 TIME:                                      2:00 p.m. EST DIAL IN NUMBER:                  ( 416) 764-8688 or (888) 390-0546 CONFERENCE ID:                    42237111 REPLAY:                  [...]

Crown Capital Partners Announces Renewal of Normal Course Issuer Bid

CALGARY, April 8, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”) for a 12-month period commencing April 10, 2019. The renewed NCIB will follow the current NCIB, which ends on April 9, 2019 and under which Crown purchased 99,683 shares at a volume-weighted average price per share of $10.07 up to April 5, 2019. Under the terms of the renewed NCIB, Crown will have the right to purchase [...]

Crown Capital Partners Announces Repayment of Loan by Baylin Technologies

CALGARY, April 1, 2019 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the full repayment by Baylin Technologies Inc. (“Baylin”) (TSX: BYL) of a loan managed by Crown. Baylin is a diversified leading global wireless technology management company focused on research, design, development, manufacturing and sales of passive and active radio-frequency products and services. In January 2018, Crown Capital Partner Funding, LP (“Crown Partners Fund”) and two of its institutional limited partners provided a $33 million, 60-month loan to Baylin, the proceeds of which were used to acquire the radio frequency, terrestrial microwave [...]

Crown Capital Partners Announces Repayment of Loan by Bill Gosling Outsourcing

CALGARY, March 27, 2019 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the full repayment by Bill Gosling Outsourcing (“BGO”) of a loan managed by Crown. Founded in 1955 and headquartered in Newmarket, Ontario, BGO is a privately-owned global provider of outsourced call center solutions to blue chip and emerging high-growth clients. In May 2016, Crown Capital Partner Funding, LP (“Crown Partners Fund”) provided a $15 million, 60-month term loan to BGO. “Our focus is to provide growth capital to successful small and mid-market businesses so they can achieve their ambitions, and [...]

Crown Capital Partners Provides Additional $5 Million to Portfolio Company Triple Five Intercontinental Group Ltd.

CALGARY, March 14, 2019 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that Crown Capital Partner Funding, LP (“Crown Partners Fund”) has advanced an additional $5 million to Triple Five Intercontinental Group Ltd. (“Triple Five”), a privately held, Calgary-based company engaged in the exploration, development and production of petroleum and natural gas. Founded in 2014, Triple Five’s assets are located in west central Alberta, where the company has a 100% working interest in 20 contiguous sections of land (approximately 12,800 net acres) in the Spirit River zone. Triple Five is currently producing [...]

Crown Capital Partners Announces Financial Results for Q4 & Full-Year 2018

CALGARY, March 5, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced its financial results for the fourth quarter and year ended December 31, 2018. Crown’s complete financial statements and management’s discussion and analysis for the three- and 12-month periods ended December 31, 2018 are available on SEDAR at www.sedar.com.  2018 Financial & Operating Highlights Total revenue of $32.7 million, an increase of 13% compared with $29.0 million in 2017. Interest revenue grew by 31% year over year to $26.6 million in 2018. Net income, net of non-controlling interests, [...]

Crown Capital Completes $43 million Upsizing of Crown Capital Power LP

CALGARY, March 4, 2019– Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has completed an upsizing of approximately $43 million for Crown Capital Power Limited Partnership (“Crown Power Fund” or “the Fund”), increasing the Fund’s total capital to approximately $58 million. Crown has increased its commitment to the Fund by $10 million, bringing its total commitment to $25 million. Launched in June 2018, Crown Power Fund is a private fund that intends to provide investors with attractive, utility-like income through the direct ownership of Integrated Energy Platforms [...]

Notice of Crown Capital Q4 2018 Results Conference Call

CALGARY, February 13, 2019 – Crown Capital Partners Inc. (“Crown” or “the Company”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it will host a conference call to discuss its 2018 fourth quarter and full-year financial results on March 5, 2019 at 8:30 a.m. EDT. 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 5, 2019. CONFERENCE CALL DETAILS DATE: Tuesday, March 5, 2019 TIME: 8:30 a.m. EDT DIAL IN NUMBER: (416) 764-8688 or (888) 390-0546 CONFERENCE [...]

Crown Capital Announces New Credit Facility for Crown Partners Fund

CALGARY, February 7, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that Crown Capital Partner Funding, LP (“Crown Partners Fund” or the “Fund”) has entered into an agreement for a $25.0 million senior secured revolving credit facility (“Credit Facility”) with Alberta Treasury Branches (“ATB”).  Crown Partners Fund is the primary vehicle through which Crown provides event-driven financing solutions to mid-market businesses.  The Fund currently has 13 loans outstanding totaling approximately $201 million. “This new credit facility represents another important capital development milestone for Crown, giving us additional capacity [...]

Crown Capital Announces Quarterly Dividend of $0.15 Per Share

CALGARY, February 5, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that its Board of Directors has declared a dividend of $0.15 per common share, payable on March 1, 2019 to all shareholders of record as of the close of business on February 15, 2019. 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 [...]

Crown Capital Announces Board Change

CALGARY, January 11, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced that Peter Snucins has resigned as a member of the Board of Directors of Crown. “On behalf of the Board of Directors, I wish to thank Peter for the many contributions he made to Crown Capital and the Board,” said Alan Rowe, Chair of the Board of Directors. About Crown Capital Partners (TSX:CRWN) Founded in 2000, Crown is a leading specialty finance company that provides growth capital to a diversified group of successful mid-market companies that are seeking [...]

Crown Capital Partners to Host Analyst & Investor Presentation

CALGARY, November 30, 2018 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced it is hosting a presentation for analysts and investors on Wednesday, December 5, 2018 in Toronto. Chris Johnson, President and Chief Executive Officer of Crown, and Michael Overvelde, Chief Financial Officer, will provide an update on the Company’s strategy, including a discussion on the market opportunity and plans for the recently launched Crown Capital Power LP. Institutional investors, analysts and members of the financial community interested in attending can register by contacting [email protected] A live webcast of the event, along [...]

Crown Capital Partners Completes Term Loan with VIQ Solutions Inc. for up to $15 Million

CALGARY, November 28, 2018 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the closing of a $15 million term loan (the “Agreement”) to VIQ Solutions Inc. (“VIQ”)(TSX Venture:VQS), an Ontario-based technology company focused on digital media capture, workflow management, and artificial intelligence (“AI”) tools. VIQ Solutions is a global expert in video and voice-to-text capture, providing a cybersecure AI technology and service platform to law enforcement, immigration, medical, legal, insurance, courts, and transcription service providers. VIQ’s digital solutions save enterprises time and effort by eliminating the need to update, store, and search through [...]

Crown Capital Announces Repayment of Loan by Marquee Energy Ltd.

CALGARY, November 22, 2018 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the full repayment by Marquee Energy Ltd. (“Marquee”) (TSXV: MQX) of a special situations loan managed by Crown. In May 2017, Crown Capital Partner Funding, LP (“Crown Partners Fund”), an investment fund managed by Crown in which Crown holds an approximate 37% interest, arranged a $30.0 million, five-year term loan to Marquee. On November 20, the shareholders and optionholders of Marquee approved a plan of arrangement with Prairie Provident Resources Inc. (“Prairie Provident”) (TSX:PPR) pursuant to which Prairie Provident [...]

Crown Capital Partners Announces Financial Results for Q3 2018

CALGARY, November 7, 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 third quarter ended September 30, 2018. Crown’s complete financial statements and management’s discussion and analysis for the three- and nine-month periods ended September 30, 2018 are available on SEDAR at www.sedar.com. Q3 2018 Financial & Operating Highlights Total revenue of $7.9 million (2017 – $5.6 million), including interest revenue of $7.2 million (2017 – $4.8 million), fees and other income of $0.2 million (2017 – $0.1 million), and a net gain on investments [...]

Crown Capital Announces Quarterly Dividend of $0.15 Per Share

CALGARY, November 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 November 30, 2018 to all shareholders of record as of the close of business on November 16, 2018. 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 [...]

Notice of Crown Capital Q3 2018 Results Conference Call

CALGARY, October 22, 2018 – Crown Capital Partners Inc. (“Crown” or “the Company”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced it will host a conference call to discuss its 2018 third quarter financial results on November 7, 2018 at 8:30 a.m. EDT. 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 November 7, 2018. CONFERENCE CALL DETAILS DATE: Wednesday, November 7, 2018 TIME: 8:30 a.m. EDT DIAL IN NUMBER:  (416) 764-8688 or (888) 390-0546 CONFERENCE ID: [...]

Crown Capital Partners Completes $15 Million Term Loan with Triple Five Intercontinental Group Ltd.

CALGARY, September 4, 2018 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the closing of a $15 million term loan (the “Agreement”) to Triple Five Intercontinental Group Ltd. (“Triple Five”), a privately held, Calgary-based company engaged in the exploration, development and production of petroleum and natural gas. Founded in 2014, Triple Five’s assets are located in west central Alberta, where the company has a 100% working interest in 20 contiguous sections of land (approximately 12,800 net acres) in the Spirit River zone. Triple Five is currently producing approximately 3,800 barrels of [...]

Crown Capital Announces Quarterly Dividend of $0.15 Per Share

CALGARY, August 7, 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 August 31, 2018 to all shareholders of record as of the close of business on August 17, 2018. 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 [...]

Notice of Crown Capital Q2 2018 Results Conference Call

CALGARY, July 25, 2018 – Crown Capital Partners Inc. (“Crown” or “the Company”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced it will host a conference call to discuss its 2018 second quarter financial results on August 8, 2018 at 8:30 a.m. EDT. 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 August 8, 2018. CONFERENCE CALL DETAILS DATE: Wednesday, August 8, 2018 TIME: 8:30 a.m. EDT DIAL IN NUMBER: (416) 764-8682 or (888) 390-0549 CONFERENCE ID: [...]

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