TORONTO, Dec. 20, 2021 /CNW/ - Crown Capital Partners
Inc. ("Crown") (TSX: CRWN) today announced that Crown Capital
Partner Funding, LP ("Crown Partners Fund"), an investment fund of
which it owns an effective interest of approximately 28%, has
received the repayment by Data Communications
Management Corporation ("DCM") of the remaining $11.0 million outstanding under its term loan.
This follows DCM's partial repayment in November 2021.
Headquartered in Brampton,
Ontario, DCM is the largest integrated business
communications solutions provider in Canada, with clients in key verticals such as
financial services, retail, healthcare, lottery and gaming,
not-for-profit, and energy. Crown Partners Fund received aggregate
proceeds of approximately $11.5
million, including the repayment of the remaining loan
principal plus accrued fees, expenses and interest. The
realized Gross IRR on Crown Partners Fund's aggregate investment
was 13.8%, which excludes the warrants in DCM that continue to be
held by the fund.
About Crown Capital Partners (TSX:CRWN)
Founded in 2000 within Crown Life Insurance Company, Crown
Capital Partners is a leading specialty finance company operating
mainly in the distributed power and telecommunications
infrastructure markets. We focus on alternative asset classes that
require a specialized capital partner, and we aim to create
long-term value by acting as both a manager of investment funds for
institutional partners and as a direct investor in operating
businesses serving these markets. For additional information,
please visit crowncapital.ca.
SOURCE Crown Capital Partners Inc.
