Crown Capital Partners invests an additional $17M in Rokstad and DATA Communications

Crown Capital Partners invests an additional $17M in Rokstad and DATA Communications

CPE Media News (8/19/2019) – Crown Capital Partners Inc. (TSX: CRWN) through Crown Capital Partner Funding, LP has advanced an additional $17 million to two portfolio companies:

  • A $10 million, six-month bridge facility to Rokstad Holdings Corporation, bringing the total outstanding to $35 million. In April 2019, Crown Partners Fund completed a $25 million, five-year term loan with Rokstad.
  • A $7 million increase in the loan facility to DATA Communications Management Corp., bringing the total outstanding to $19 million. In May 2018, Crown Partners Fund completed a $12 million, five-year term loan with DCM.

These investments bring the total loans outstanding in the Crown Partners Fund portfolio to approximately $187 million across 11 companies.

Crown is a specialty finance company that provides growth capital to a diversified group of mid-market companies. Crown holds a 37% interest in Crown Capital Partner Funding, LP.

photo credit: Crown Capital Partners

News Release

Crown Capital Partners Announces Follow-on Investments in Two Portfolio Companies

CALGARY, Aug. 19, 2019 /CNW/ – 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”), an investment fund managed by Crown, and in which Crown holds a 37% interest, has advanced an additional $17 million to two portfolio companies:

A $10 million, six-month bridge facility to Rokstad Holdings Corporation (Rokstad”), bringing the total outstanding to $35 million. In April 2019, Crown Partners Fund completed a $25 million, five-year term loan with Rokstad.
A $7 million increase in the loan facility to DATA Communications Management Corp. (“DCM”), bringing the total outstanding to $19 million. In May 2018, Crown Partners Fund completed a $12 million, five-year term loan with DCM.

“We are pleased to increase the investment in two high-quality companies in our special situations portfolio,” said Chris Johnson, President & CEO of Crown. “We were able to respond in a timely fashion to meet each company’s evolving capital requirements.”

These investments bring the total loans outstanding in the Crown Partners Fund portfolio to approximately $187 million across 11 companies.

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 alternatives to banks and private equity funds. Crown provides customized solutions in the form of loans, royalties, and other structures with minimal or no ownership dilution. In addition to deploying capital as a principal investor, Crown develops, manages and co-invests in alternative investment funds, including Crown Partners Fund and Crown Capital Power Fund.

Source: Crown Capital Partners Inc.

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