Crown Capital Partners Announces Loan Repayment

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.

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