Capital Canada Limited Announces the Completion of the Great Slave Helicopters Ltd. Sale and Investment Solicitation Process

On November 23, 2018, the Ontario Superior Court of Justice approved the sale of substantially all of the assets of Great Slave Helicopters Ltd. (“GSH”) to 11088211 Canada Corp. (“211”), a company controlled by Patrick Campling Jr., a founder and former owner of Transwest Air. Mr. Campling is an individual with significant experience in the Canadian aviation industry. GSH was acquired as a going-concern and the approved transaction will preserve jobs and allow GSH to continue to service its customers.

On September 4, 2018, the Ontario Superior Court of Justice granted protection under the Companies’ Creditors Arrangement Act (“CCAA”) to GSH. On September 14, 2018, KSV commenced the sale and investment solicitation process (“SISP”) for GSH’s business and assets.

Given Capital Canada’s prior involvement with GSH, its dealing with prospective going-concern purchasers and its substantial expertise in the aviation section, on September 28, 2018, KSV, in consultation with GSH’s principal secured creditor, Clairvest Group Inc. (“Clairvest”), engaged Capital Canada to assist it to carry out the SISP. KSV and Capital Canada worked together closely throughout the SISP. Capital Canada’s involvement was focused on pursuing going-concern transactions, including to continue its prior dealings with certain prospective purchasers.

“Capital Canada’s experience in the aviation industry was of significant assistance in generating a successful outcome for the SISP” noted David Sieradzki, Managing Director of KSV.

About KSV

KSV Advisory Inc. is a boutique consulting firm providing advisory and restructuring services to distressed North American companies and their stakeholders. For more information, visit www.ksvadvisory.com.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Limited acted as financial advisor to CIRC Radio Inc. in connection with sale to South Asian Broadcasting Corporation

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TORONTO and VANCOUVER – South Asian Broadcasting Corporation announced today it has completed the purchase of CIRC Radio Inc., the company which operates the Toronto FM radio station CIRV-FM, 88.9 known as “Toronto’s Multicultural Super Mix”.

Surry, B.C.’s SABC is controlled by Kulwinder Sanghera and also operates CKYE-FM, 93.1, serving the Greater Vancouver Region. Sanghera also controls CKYR-FM, 106.7 Calgary. Both multicultural radio stations are known to listeners as RED FM.

“I am honored to continue the broadcasting legacy started three decades ago by a Canadian pioneer of ethnic broadcasting, Mr. Alvarez,” said Sanghera, in a press release. Financial details were not disclosed.

“The acquisition of CIRV-FM Toronto provides us with the opportunity to serve listeners in three of the largest radio markets in Canada – Vancouver, Calgary and Toronto – and creates a national platform for advertisers who want to reach out to this expanding group of radio listeners. We will also expand our talent discovery contest, nationally,” Sanghera added.

Francisco (“Frank”) Sestelo Alvarez has operated CIRV-FM, since 1986. “It is the leading voice for multicultural communities in Southern Ontario. Mr. Alvarez will continue the operation of the national specialty television service, Festival Portuguese Television (FPTV).

CIRV-FM transmits from First Canadian Place and its signal can be received throughout the Golden Horseshoe of Southern Ontario, to the U.S. border.

CIRV-FM’s programming is predominantly Portuguese, Spanish and Chinese (Mandarin and Cantonese). It also airs Brazilian, Caribbean, Punjabi, Russian, Somali, Ukranian and Urdu programming.

The CRTC approved the transfer of ownership on October 12, 2016.

Capital Canada Limited acted as financial advisor to CIRC Radio Inc.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements and general financial advisory services. Capital Canada is a recognized leader in providing financial advisory services to entrepreneurial Canadian broadcasters and has represented nearly all major market independent broadcasters in recent transactions. Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Limited acted as financial advisor to Barbecue World, a new specialty retail chain, to raise financing and complete a platform acquisition

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Capital Canada Limited acted as financial advisor to Barbecue World, a new specialty retail chain, to raise financing and complete a platform acquisition Capital Canada Limited (“Capital Canada“) has successfully raised financing for Barbecue World Inc. (“Barbecue World”), a new specialty retail superstore chain selling barbecues and other outdoor living products and accessories.  Barbecue World has also completed a platform acquisition of Ontario Gas BBQ, a 50,000+ square foot barbecue superstore located in Vaughan, Ontario considered to be the “World’s Largest Barbecue Store”. In addition to the acquired Vaughan store, Barbecue World will open two additional stores in the spring of 2016 in Whitby, Ontario and Ottawa, Ontario as part of its initial launch.

Capital Canada acted as financial advisor to Barbecue World with respect to the financing and acquisition transactions. Jack Steckel, Managing Director at Capital Canada, formulated the idea for the new concept following his prior retail success as creator of Golf Town and a founder Pro Hockey Life superstore chains.

Barbecue World superstores will combine high-level service from educated staff with the most complete selection of outdoor living products including barbecues, smokers, patio furniture and outdoor and indoor fireplaces. Features of the concept will include:

  • A year-round one-stop-shop for all types of outdoor cooking, including a vast selection of accessories such as condiments, utensils, and various cooking fuels such as charcoal and wood pellets;
  • Cooking classes, product demonstrations and other special events to attract passionate grilling enthusiasts;
  • Competitive pricing with big-box competitors; and
  • Comprehensive e-commerce website and delivery options for an easy, convenient shopping experience.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Raises Financing for iS5 Communications Inc. to Enhance Security-focused Research and Development Activities

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Latest round includes investments from Trellis Capital Corporation, current shareholders, and new investors. Capital Canada Limited acted as the financial advisor with respect to the financing.

Mississauga, Ontario – January 18, 2016 – iS5 Communications Inc. (“iS5Com”) today announced that it has closed a new round of financing led by Trellis Capital Corporation (“Trellis Capital”) and existing shareholders.  The funds from this financing will be utilized to further bolster iS5Com’s research and development and next generation switching technologies focusing on secure communications.

“The Industrial Security of Things, or iSOT™ as we like to call it, for critical infrastructure and communication networks are a major concern of our customers” noted, Clive Dias, President and CEO of iS5Com.  “This funding will allow iS5Com to expedite the development of new security-focused communication products aimed at the utilities and other critical infrastructure sectors.”   “iS5Com will continue to build upon its extensive customer base and expertise in the utility and substation industry to bring leading solutions to market.”

iS5 Communications has seen its customer base increase to well over 100, and revenues more than doubled over the past two years. iS5Com also hit a major growth milestone, with the shipment of its High-availability Seamless Redundancy and Parallel Redundancy Protocol (HSR/PRP) switch and module to more than 20 OEM integration partners.   “The HSR/PRP module was introduced at DistribuTECH in 2015 and we have seen unprecedented market acceptance of this technology” noted Mr. Dias.

“An unrelenting customer focus and the ability to offer comprehensive end-to-end hardened communications solutions attracted us to iS5Com” says Dominic Talalla, Managing Partner at Trellis Capital.  “We are enthusiastic about the new cybersecurity products iS5Com will be introducing to its customers.”

About iS5 Communications Inc.

iS5Com is a global provider of integrated services and solutions, and manufacturer of intelligent Industrial Ethernet products. Our products are designed to meet the stringent demand requirements of utility sub-stations, roadside transportation, rail, and industrial applications. iS5Com’s services and products are key enablers of advanced technology implementation such as the Smart Grid, Intelligent Transportation Systems, Intelligent Oil Field, and Internet of Things. All products have the ability to transmit data efficiently without the loss of any packets under harsh environments and EMI conditions.  iS5Com is headquartered in Mississauga, Ontario, Canada.  For more information on iS5Com, please visit www.is5com.com.

About Trellis Capital Corporation

Trellis Capital is a private venture capital fund that invests in small to mid-sized Canadian companies in select technology-based sectors. Trellis Capital’s investment activities focus on technology companies with highly scalable and capital efficient business models that have the potential to be disruptive in their respective markets. Trellis Capital provides capital, expertise, and a network of contacts to the companies it invests in, as well as assists in their expansion into emerging markets if the opportunity exists.

About Capital Canada Limited

Capital Canada, established in 1975, is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide exceptional negotiating capabilities in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Limited acts as financial advisor to Discovery Air in sale of Discovery Air Technical Services to Premier Aviation

TROIS-RIVIÈRES and QUEBEC CITY, QC, Jan. 8, 2016 /CNW/ – Premier Aviation Overhaul Centre Inc. (“Premier“) and Discovery Air Technical Services Inc. (“DATS“), a wholly owned subsidiary of Discovery Air Inc. (TSX DA.A), today announced that Premier has now completed the acquisition of substantially all of the assets of DATS on January 8, 2016.  The parties previously announced Premier’s offer to purchase DATS on June 22, 2015.

Ronnie Di Bartolo, Premier’s President and CEO commented, “We are excited to welcome the DATS employees into the Premier family.  The closing of the transaction is an important milestone in our strategic growth plan and the DATS facility positions Premier to better support our growing customer base.”

Capital Canada Limited (“Capital Canada“) acted as financial advisor to Discovery Air Inc. with respect to the transaction.

About Premier Aviation

Premier Aviation is the largest Canadian-owned aircraft Maintenance, Repair and Overhaul (MRO) and aircraft painting company in North America, with facilities in, Trois-Rivières, Quebec, Canada, Windsor, Ontario, Canada and Rome, New York, United States. Since its inception in 2002, the company has maintained a steady growth of clients and services. For more information on Premier Aviation, visitwww.premieraviation.ca.

For further information, please contact: Dave Diggle, Premier Aviation Overhaul Centre Inc., VP, Marketing, Sales & Service, 819 377-4500 ext. 398, ddiggle@premieraviation.ca

About Discovery Air and Its Subsidiaries

Discovery Air is a Canadian specialty aviation company operating over 150 aircraft with approximately 800 team members. Its subsidiaries provide airborne training to the Canadian and German military, air ambulance services, airborne fire services, helicopter operations, fixed-wing air charter services, expediting and logistics support, and a range of maintenance, repair, overhaul, modification, engineering and certification services.

Discovery Air’s Class A common voting shares and unsecured convertible debentures trade on the Toronto Stock Exchange (symbols DA.A and DA.DB.A, respectively).

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements (as defined in applicable securities laws) regarding Discovery Air and/or its subsidiaries. Forward-looking statements by definition are based on assumptions and, as a result, are subject to risks and uncertainties. As a result of such risks and uncertainties, actual results may differ materially from those discussed in forward-looking statements, and readers should not place undue reliance on such statements. For a more detailed discussion of forward-looking statements and the risks associated therewith, please refer to the statement regarding forward-looking statements contained in the Management’s Discussion and Analysis section of Discovery Air’s financial statements for the fiscal year ended January 31, 2015, which are available on Discovery Air’s web site at www.discoveryair.com and on SEDAR at www.sedar.com.

Forward-looking statements represent expectations as of the date they are made, and Discovery Air disclaims any intention or obligation to update or revise any forward-looking statements it may make, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

For further information: Sheila Venman, Discovery Air Inc., VP, Human Resources & Communications, Sheila.Venman@discoveryair.com, 866-903-3247

About Capital Canada Limited

Capital Canada, established in 1975, is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide exceptional negotiating capabilities in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

 

Capital Canada acts as HNW financial advisor to Graywood Developments Ltd. in raising $100 million for the first closing of the Graywood Residential Fund VII LP

Toronto, Ontario – October 19, 2015 – Graywood Developments Ltd. (“Graywood”) has completed a first closing of $100 million in commitments for the Graywood Residential Fund VII LP (the “Fund”) from a combination of institutional and private investors. The Fund is seeking a total equity capitalization of up to $200 million and Graywood is targeting to complete a second closing by the end of Q1 2016. Capital Canada Limited is acting as financial advisor to Graywood raising capital for the Fund from High Net Worth private investors.

The Fund is targeting an annualized return to investors of 15% and will acquire and develop low, mid and high-rise residential development projects focusing primarily on the Toronto and surrounding Greater Golden Horseshoe market with the potential to expand into other major metropolitan markets in Canada.
Interested parties seeking more information on the Fund can contact:

About Graywood

Graywood is a private investment management company based in Toronto that specializes in the development of real estate properties of exceptional quality in Canada and selected markets in the United States and outside North America. Founded in 1985 by Garnet Watchorn and Moshe Tamari, Graywood provides a full range of real estate development services with a team of over 30 professionals and support staff. Graywood’s highly experienced senior management team is led by President and Chief Executive Officer Stephen Price.

Graywood has successfully developed 39 residential projects with a combined value of over $3.6 billion in Canada and the United States including:

  • over 20,000 low rise lots
  • 3,500 condominium suites
  • 700 full services hotel suites, including The Ritz-Carlton, Toronto
  • 200 retirement suites
  • seven retail plazas comprising over 370,000 sq. ft. of leasable space

For further information regarding Graywood, please visit www.graywoodgroup.com.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Acts as Financial Advisor to Cargojet Inc. in up to CA$105 Million Financing from Tennenbaum Capital Partners

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Tennenbaum Capital Partners Provides Multi-Aircraft Acquisition Financing for Cargojet

LOS ANGELES, July 23, 2015 — Tennenbaum Capital Partners, LLC (“TCP”) announced today that certain of its funds have agreed to provide up to US$82.5 million of financing to Cargojet Inc. (CJT.TO) (“Cargojet”) to fund the acquisition and conversion of Boeing 767-300ER passenger aircraft into freighter aircraft. The transaction will provide Canada’s leading supplier of air cargo services with additional capacity to support its growing business.

“We have a long history of investing in the aircraft industry and Cargojet is a best in class operation with a premier customer base,” said Rob DiPaolo, Managing Director of TCP. “We are pleased to provide capital to Cargojet to support its expanding fleet requirements.”

“Cargojet is pleased to have secured financing with Tennenbaum for its B767-300 aircraft deliveries,” said Dr. Ajay K. Virmani, President & CEO of Cargojet. “These new generation, long range, fuel efficient and environmentally friendly aircraft will enable us to expand the geographic reach and capacity of our network,” he added.

Capital Canada Limited acted as financial advisor to Cargojet with respect to the transaction.

About Tennenbaum Capital Partners, LLC
Tennenbaum Capital Partners, LLC (“TCP”) is an alternative investment management firm focused on performing credit and special situations for middle-market companies. TCP manages funds and accounts on behalf of global institutional investors. It also manages a publicly-traded business development company, TCP Capital Corp (NASDAQ:TCPC). Since its founding, TCP has invested more than $15 billion in over 390 companies. TCP is headquartered in Los Angeles with additional offices in New York and San Francisco.

For more information, please visit: www.tennenbaumcapital.com and www.tcpcapital.com.

About Cargojet Inc.
Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carries over 1,000,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft consisting of Boeing 767-300ER, Boeing 767-200ER, Boeing 757-200ER and Boeing 727-AF.

For more information please visit: www.cargojet.com.

About Capital Canada Limited
Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to establish and complete the transaction that is best for the client.

For more information, visit www.capitalcanada.com.

Capital Canada Acts as Financial Advisor to GroupBy Inc. in $3 Million Investment from BEST Funds

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TORONTO, July 20, 2015 — Tier One Capital LP and B.E.S.T. Active 365 Fund LP, collectively known as BEST Funds, has announced a $3 million investment into GroupBy Inc., a leading ecommerce technology innovator located in Toronto, Ontario. The capital will allow GroupBy to accelerate their sales growth and expand research and development efforts in ground-breaking technologies for the B2C and B2B ecommerce market.

This is an exciting partnership for BEST Funds, who provides Canada’s fastest growing companies with the capital needed to accelerate their growth and become industry leaders. BEST Funds’ President John Richardson stated, “GroupBy is poised to become a market leader in the ecommerce space and is the type of company that can do great things with our assistance. We are confident that with our capital, and their unique cloud offering and ecommerce pedigree, GroupBy will continue to grow at an extraordinary pace.”

Regarding the partnership, Roland Gossage, Managing Director & CEO of GroupBy Inc. said, “The team here at GroupBy has used their many years of industry experience and technical prowess to create a platform that will change the way our clients interact with their clients online, we aim to create a fundamentally better user experience, by showing the right product, to the right user, at just the right moment. Creating a concrete return on investment and helping to drive our customers bottom lines.”

About BEST Funds
BEST Funds is a leading Private Equity/Venture Capital firm that focuses on funding rapidly growing Canadian companies by providing them with the capital needed to execute their growth strategies and fully develop their Intellectual Property. Primarily focused on companies with recurring revenue streams in the technology, healthcare and financial services industry, BEST Funds is actively deploying capital to some of Canada’s fastest growing companies. BEST Funds was established in 1996 in Toronto and works with companies across Canada.

For more information, visit: www.bestfunds.ca.

About GroupBy Inc.
GroupBy Inc. provides powerful commerce, media, and knowledge management software solutions that help companies better connect with their customers by creating a more relevant user experience. This improved experience drives more targeted site traffic, increases revenue, and boosts overall customer satisfaction. GroupBy’s solutions provide industry-leading features for search, navigation, merchandising, search engine optimization (SEO), and search as you type (SAYT). Their e-commerce solution, Searchandiser powers many of the world’s top retailers’ online experiences. GroupBy has offices in Canada, United States, China, and Trinidad & Tobago.

For more information about GroupBy, visit www.groupbyinc.com or call +1-855-210-6513

About Capital Canada Limited
Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to establish and complete the transaction that is best for the client.

For more information, visit www.capitalcanada.com.

Creating Shared Value

Capital Canada is committed to creating shared value based on our belief that corporate success and community enrichment are interdependent. Businesses require a healthy, educated work force, sustainable resources and adept democratic government to compete effectively. The Capital Canada team have made commitments to those institutions which enhance our civic and cultural environment, through leadership and philanthropy. Capital Canada is proud sponsors of: