CALGARY, July 15, 2016 /CNW/ - Crown
Capital Partners Inc. ("Crown" or "the Corporation") (TSX: CRN), which provides growth capital to successful mid-market companies,
today announced it has completed a $25 million closing for Crown Capital Fund IV, LP. ("Crown IV LP"
or the "Fund"), bringing the current total capital committed to the Fund to $125 million. To date,
$50 million has been invested in three transactions.
Crown IV LP invests in Special Situations Financing transactions originated and managed by Crown. These consist
of senior and subordinated loans with terms ranging from six months to five years, and are structured to limit ownership dilution
and provide the borrower client with the ability to focus on growing their business. Crown IV LP has a maximum size of $300
million, with additional closings expected up until September 2018 as financing opportunities are
identified. Crown has committed to invest up to $50 million in Crown IV LP and currently holds
a 40% interest in the Fund.
"We appreciate the continued strong support of our limited partners," said Chris
Johnson, Crown's President & CEO. "In addition to further commitments from most of our current investors, we added two
new investors on this closing as we continue expanding our limited partner relationships. Looking ahead to the second half of 2016,
the conditions for our alternative financing solutions remain strong, which is reflected in a robust pipeline, including several
transactions at various stages. We are confident we will achieve our annual capital deployment targets in 2016."
ABOUT CROWN
Crown (TSX: CRN) 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.
FORWARD-LOOKING STATEMENTS
This 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 in this news release include, but are not limited to, statements,
management's beliefs, expectations or intentions regarding the deployment of capital in special situations transactions.
Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that
while believed by management to be reasonable, are inherently subject to significant business, economic and competitive
uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific
factors identified in the Crown's periodic filings with Canadian securities regulators. See Crown's
most recent Annual Information Form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation
to update forward-looking information except as required by applicable law. Such forward-looking information represents
management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual
future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or
information.
SOURCE Crown Capital Partners Inc.