Business
Crown Capital Partners Announces Repayment of Loan by Bill Gosling Outsourcing
Crown Capital Partners Announces Repayment of Loan by Bill Gosling Outsourcing Can...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Partners Announces Repayment of Loan by 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\n\nCanada NewsWire\nCALGARY, March 27, 2019\n\n\n\nCALGARY, March 27, 2019 /CNW/ - Crown Capital Partners Inc. (\"Crown\") (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the full repayment by Bill Gosling Outsourcing (\"BGO\") of a loan managed by Crown.\nFounded in 1955 and headquartered in Newmarket, Ontario, BGO is a privately-owned global provider of outsourced call center solutions to blue chip and emerging high-growth clients. In May 2016, Crown Capital Partner Funding, LP (\"Crown Partners Fund\") provided a $15 million, 60-month term loan to BGO. \n\"Our focus is to provide growth capital to successful small and mid-market businesses so they can achieve their ambitions, and BGO has done a solid job executing on its business plan,\" said Chris Johnson, President and CEO of Crown. \"We believe they are well positioned as more companies shift to business process outsourcing.\" \n\"Crown Capital provided a customized financial solution that was right for our business goals, and they were very supportive financial partners over the past several years,\" said BGO's CEO Dave Rae.  \nBGO has prepaid this loan in full, including principal, interest, fees and other payments. The BGO loan was held by Crown Partners Fund, an investment fund managed by Crown and in which Crown holds a 37% interest. The realized Gross IRR on Crown Partners Fund's aggregate investment in BGO was 17.6%.\nAbout Crown Capital Partners (TSX:CRWN) \nFounded 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, ...