Canadian Helicopters repays Crown Capital loan
By Helicopters Staff
Crown Capital Partners Inc., a capital partner to entrepreneurs and growth businesses, today announced the repayment by Canadian Helicopters Limited of an $8 million term loan.
Canadian Helicopters, led by president and CEO Don Wall, is described as the largest helicopter transportation services company in Canada with a network of 28 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.”
Canadian Helicopters has prepaid the $8 million loan in full, including principal, interest, fees and other payments. The Canadian Helicopters loan was held by Crown Partners Fund, an investment fund founded in 2000 and managed by Crown; and in which Crown holds an effective interest of 37 per cent. The realized Gross IRR on Crown Partners Fund’s aggregate investment in Canadian Helicopters was 23.8 per cent, according to the fund.
“Crown has been a strong financial partner and we appreciated their support and responsiveness,” said Wall.