31-Jul-2019 Source: Crown Capital Partners
Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the full repayment by Canadian Helicopters Limited (“Canadian Helicopters”) of an $8 million term loan from Crown Capital Partner Funding, LP (“Crown Partners Fund”). Canadian Helicopters is the largest helicopter transportation services company in Canada with a network of 28 strategically located fixed bases to support operations throughout the country.
“Canadian Helicopters has been a solid performer and we wish Don and his team continued success,” said Chris Johnson, President and CEO of Crown. “This was another successful investment for Crown Partners Fund.”
Don Wall, President & CEO of Canadian Helicopters, said: “Crown has been a strong financial partner and we appreciated their support and responsiveness.”
Canadian Helicopters has prepaid this loan in full, including principal, interest, fees and other payments. The Canadian Helicopters loan was held by Crown Partners Fund, an investment fund managed by Crown and in which Crown holds an effective interest of 37%. The realized Gross IRR on Crown Partners Fund’s aggregate investment in Canadian Helicopters was 23.8