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Crown Capital Partners Announces Sale of Shares in Distinct Infrastructure
Crown Capital Partners Announces Sale of Shares in Distinct Infrastructure Canada ...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Partners Announces Sale of Shares in Distinct Infrastructure\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, July 6, 2017\n\n\n\nCALGARY, July 6, 2017 /CNW/ - Crown Capital Partners Inc. (\"Crown\" or the \"Corporation\") (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the disposition of all the common shares of Distinct Infrastructure Group Inc. (\"Distinct\") (TSXV: DUG) held by Crown Capital Fund IV, LP, an investment fund managed by Crown and in which Crown holds a 35% interest. The share disposition resulted in net proceeds of approximately $1.4 million. The realized Gross IRR on the Distinct investment was 19.8%.\n\nCrown arranged a $20.0 million, five-year term loan to Distinct in November 2015 to support the company's growth. On May 26, 2017, Distinct prepaid this loan in full, including principal, interest and fees.\n\nABOUT CROWN\n\nCrown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution. \n\nFORWARD-LOOKING STATEMENTS\n\nThis news release contains certain \"forward looking statements\" and certain \"forward looking information\" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as \"may\", \"will\", \"expect\", \"intend\", \"estimate\", \"anticipate\", \"believe\", \"continue\", \"plans\" or similar terminology. Forward-looking statements are based on forecasts of future results, estimates of...