Crown Capital Partners completes IPO

July 09
15:41 2015

Crown Capital Partners Inc. announced the completion of its previously announced IPO  through a syndicate of underwriters led by Cormark Securities Inc., BMO Capital Markets and National Bank Financial Inc. and including Canaccord Genuity Corp., Raymond James Ltd., AltaCorp Capital Inc. and Mackie Research Capital Corporation.

The initial public offering raised gross proceeds of more than $65 million, and has begun trading on the Toronto Stock Exchange under the symbol “CRN”.

Crown expects to use approximately $30 million of the net proceeds to purchase limited partnership interest in Crown Capital Fund IV, with a targeted ownership of 30% in Crown Capital Fund IV at its initial close.

Torys LLP acted as counsel to Crown and Stikeman Elliott LLP acted as counsel to the underwriters.

Press release.

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