Equicapita Conducts Closings on More Than $10 Million of Accredited Only Capital
Calgary, Canada, October 21, 2014 --(PR.com)-- Equicapita Income Trust (“Equicapita”) is pleased to announce closings for more than $10 million of accredited only capital. Combined with existing balance sheet capital this provides Equicapita with the ability to execute on its short-term plan of making up to 2 additional business acquisitions from its pipeline of opportunities.
Stephen Johnston, Director, stated, “Institutional and accredited investor interest has been extremely high as Equicapita is offering access to the small medium enterprise space, an asset class with strong cash generating capabilities and traditionally off the radar of large PE firms seeking rapid growth and the ability to deploy high leverage levels in acquisitions.”
Greg Tooth, Director, added, “Our model is to acquire private businesses with long operating histories of stable cash generation. We want to preserve the legacy of the departing owner and are not seeking to make radical business changes. We view ourselves as simply custodians of the cash flow for our investors with a mandate to change as little as possible in what have proven to be reliable robust businesses.”
Commenting on the demographic component to Equicapita’s approach, Director Mike Cook outlined, “that at the margin there is a large retiring cohort of baby-boomer entrepreneurs, many at the helm of excellent medium sized private businesses with few obvious paths to achieve liquidity. Vehicles like Equicapita give investors exposure to this high quality cash flow while at the same time using a custodial approach that seeks to preserve the business legacy of founders and provides them with a way to fairly monetize what is often a lifetime of work.”
Equicapita is a private equity buyout fund based in Calgary, Alberta. The fund is focused on acquiring private, western Canadian businesses with enterprise values ranging from $5 million to $20 million. The fund is an RRSP eligible investment vehicle that streams the cash flow from private operating companies to its investors on a priority basis.
This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words "anticipate," "expect," "may," "should" "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward looking information. Those forward-looking statements herein made by Equicapita, if any, reflect Equicapita's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those anticipated or predicted in these forward-looking statements, and the differences may be material. Factors which could cause actual results or events to differ materially from current expectations include, among other things: risks associated with the ownership and operation of businesses, including fluctuations in interest rates; general economic conditions; supply and demand for businesses; competition for available businesses; changes in legislation and the regulatory environment; and international trade and global political conditions. Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release (if any), which is given as of the date it is expressed herein. Equicapita undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.
If you purchase any securities of Equicapita Income Trust or associated entities (such securities herein referred to as the "Securities") you will have certain rights in the event of a misrepresentation. Reference should be made to the full text of the applicable provisions of the securities legislation in the Province in which you reside or consultation should be undertaken with professional advisors.
Stephen Johnston, Director, stated, “Institutional and accredited investor interest has been extremely high as Equicapita is offering access to the small medium enterprise space, an asset class with strong cash generating capabilities and traditionally off the radar of large PE firms seeking rapid growth and the ability to deploy high leverage levels in acquisitions.”
Greg Tooth, Director, added, “Our model is to acquire private businesses with long operating histories of stable cash generation. We want to preserve the legacy of the departing owner and are not seeking to make radical business changes. We view ourselves as simply custodians of the cash flow for our investors with a mandate to change as little as possible in what have proven to be reliable robust businesses.”
Commenting on the demographic component to Equicapita’s approach, Director Mike Cook outlined, “that at the margin there is a large retiring cohort of baby-boomer entrepreneurs, many at the helm of excellent medium sized private businesses with few obvious paths to achieve liquidity. Vehicles like Equicapita give investors exposure to this high quality cash flow while at the same time using a custodial approach that seeks to preserve the business legacy of founders and provides them with a way to fairly monetize what is often a lifetime of work.”
Equicapita is a private equity buyout fund based in Calgary, Alberta. The fund is focused on acquiring private, western Canadian businesses with enterprise values ranging from $5 million to $20 million. The fund is an RRSP eligible investment vehicle that streams the cash flow from private operating companies to its investors on a priority basis.
This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words "anticipate," "expect," "may," "should" "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward looking information. Those forward-looking statements herein made by Equicapita, if any, reflect Equicapita's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those anticipated or predicted in these forward-looking statements, and the differences may be material. Factors which could cause actual results or events to differ materially from current expectations include, among other things: risks associated with the ownership and operation of businesses, including fluctuations in interest rates; general economic conditions; supply and demand for businesses; competition for available businesses; changes in legislation and the regulatory environment; and international trade and global political conditions. Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release (if any), which is given as of the date it is expressed herein. Equicapita undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.
If you purchase any securities of Equicapita Income Trust or associated entities (such securities herein referred to as the "Securities") you will have certain rights in the event of a misrepresentation. Reference should be made to the full text of the applicable provisions of the securities legislation in the Province in which you reside or consultation should be undertaken with professional advisors.
Contact
Equicapita
Mike Cook
(403) 681-5378
www.equicapita.com
Contact
Mike Cook
(403) 681-5378
www.equicapita.com
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