Business
Crown Capital Completes $15 Million Term Loan with Bill Gosling Outsourcing
Crown Capital Completes $15 Million Term Loan with Bill Gosling Outsourcing Crown ...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Completes $15 Million Term Loan with Bill Gosling Outsourcing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCrown Capital Completes $15 Million Term Loan with Bill Gosling Outsourcing\nCanada NewsWire\nCALGARY, May 25, 2016\n\n\n\nCALGARY, May 25, 2016 /CNW/ - Crown Capital Partners Inc. (\"Crown\") (TSX: CRN), which provides growth capital to successful mid-market companies, today announced the closing of a $15 million, five-year term loan agreement (the \"Agreement\") with Bill Gosling Outsourcing Holding Corp. (\"BGO\"), formerly Allied Global Holdings Inc., a global provider of call center solutions to blue-chip clients.   \n\nHeadquartered in Newmarket, Ontario, BGO offers a full suite of customer contact solution services, including accounts receivable management, customer care, and customer sales & acquisition, and operates nine call centers in Canada, the U.S., the U.K. and Philippines. Founded in 1955, BGO's key customers include Fortune 100 and Fortune 1000 companies in the financial, communications, utility and government sectors. BGO maintains strong relationships with its customers, with average tenure of more than 10 years for its top 10 customers.\n\n\"Bill Gosling Outsourcing is a successful, well-managed company and is a leader in its niche,\" said Chris Johnson, Crown's President & CEO. \"Building on its successes, BGO will continue to benefit from the ongoing shift to business process outsourcing. Driven by growth from key customers and its Philippines expansion, BGO expects to increase revenue and EBITDA significantly over the next three years. We are pleased to partner with them as they continue to grow the business.\"\n\n\"The Crown team clearly understands how to work with entrepreneurs and growth companies, and they provided a financial solution that is aligned with our business requirements and plans,\" said Dave Rae, CEO of BGO.\n\nThe Agreement provides for a $15 million term loan to BGO by Crown Capital Fund IV, LP, an investment fund managed by Crown and in which Crown holds a 50% interest. The term l...