Wildeboer Dellelce acts for Canadian Western Bank, Concentra Bank and Mount Logan Capital Inc. in Strategic Minority Investment in Crown Private Credit Partners Inc.July 13, 2021
Canadian Western Bank (“CWB”), Concentra Bank (“Concentra”) and Mount Logan Capital Inc. (“Mount Logan”) have each acquired a minority stake in Crown Private Credit Partners Inc. (“CPCP”), a Canadian alternative corporate financing business that was partially divested from Crown Capital Partners Inc. (“CCPI”) (TSX: CRWN). Other minority shareholders of CPCP include CCPI and management of CPCP. CPCP has also assumed management of CCPI’s flagship private debt fund, Crown Capital Partner Funding L.P. CPCP will deploy internally generated capital as well as raise new third-party funds focused on lending to successful mid-market Canadian enterprises, particularly for mergers and acquisitions.
Wildeboer Dellelce represented CWB, Concentra and Mount Logan in connection with the investment in CPCP and related transactions with a team comprised of Perry Dellelce, Sanjeev Patel, Rebecca Cochrane and Ana Savic (Corporate Finance and Securities) and Katy Pitch and Jill Winton (Tax).