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Crown Capital Partners Acts as Agent for Concentra Bank in Senior Loan Facility

July 30, 2019, 08:00 AM
Filed Under: Industry News

Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it has entered an agreement with Concentra Bank ("Concentra") under which Crown will provide investment management services for Concentra's $20 million investment in a syndicated senior secured credit facility for a holding company controlled by Don Wall. As previously disclosed, Crown announced the repayment of its loan to Canadian Helicopters, of which Don Wall is the sole-owner and President and CEO.

"We are pleased to support Concentra on this investment, which leverages our knowledge of a pre-existing relationship and our team's deep experience in managing middle market credit," said Chris Johnson, President & CEO of Crown. "Based on our well-established presence in the Canadian market, we generate strong deal flow and, over time, this presents an opportunity to act in a similar role for senior debt transactions that do not fit the investment parameters of Crown Partners Fund."

Ryan Graham, Concentra's Chief Banking Officer, commented: "The Crown team has an excellent track record in managing private credit investments, and we look forward to working with them and benefitting from their portfolio management and origination capabilities focused on mid-market businesses."

Concentra is Canada's leading provider of wholesale banking and trust solutions to credit unions and Canadians. The company currently has over $9.7 billion in total assets and offers a wide range of financial solutions including specialized banking, consumer finance, treasury, and wealth management solutions to business owners, consumers, and credit unions nationwide.

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