TORONTO, Sept. 22 /CNW/ - ROI Capital Ltd. (ROI) is pleased to announce
the recent closing of seventeen new private placement loans along with seven
follow-on loans to existing ROI portfolio companies. With the completion of
these loans, ROI has invested a cumulative total of $118 million in private
placement loans in the past twelve months. The number of new loans, and the
corresponding amount invested, demonstrates that ROI is helping fill a
critical gap in the financing of small-and medium-sized businesses in the
Canadian marketplace. This has resulted in ROI becoming one of the most active
small-and-medium sized business investors in Canada.
ROI manages approximately $480 million on behalf of 42,000 retail
investors across Canada. ROI is one of the fastest growing mutual fund
companies in Canada, with approximately $220 million raised in the past year.
The following is a list of our recently closed loans:
Lind Equipment Ltd. Founded in 1949, the company is based in Markham,
Ontario. Lind is a manufacturer and master distributor of specialty safety
electrical products for commercial, industrial and hazardous work
environments. ROI financing was used for shareholder buy-out.
Reefer Sales and Services (Toronto) - Founded in 1989, the company is
headquartered in Mississauga, Ontario. Reefer is an authorized dealer for
Carrier Transicold, providing a complete line of transport temperature control
and auxiliary products and logistic solutions. ROI financing was used for
MMV Financial - Established in 1997, MMV Financial is a Toronto-based
specialty finance company with offices in Toronto, Montreal and New York. They
provide debt solutions directly to technology, life sciences and renewable
energy companies. ROI financing provided working capital for portfolio growth.
McCowan Manufacturing Ltd. Founded in 1957, the company is headquartered
in Toronto, Ontario. McCowan designs and builds high quality modular display
products and custom merchandising systems for petroleum service stations and
convenience stores. ROI financing was used for shareholder buy-out.
Spinrite Limited Partnership. Established in 1952, the company is
headquartered in Listowel, Ontario. Spinrite is a leading supplier in the
North American wholesale craft yarn market. ROI financing was used for capital
Royce Metal Products Limited. Established in 1926, the company is located
in Downsview, Ontario. With more than seven decades of experience, the company
is an industry leader and innovator in metal spinning and precision metal
fabrication. ROI financing provided the company with working capital.
Priyance Hospitality Inc. Priyance Hospitality Inc. owns and operates the
Radisson Suites and Conference Centre located in Brampton, Ontario. It is a
102 room, full service hotel along with a 700 person capacity banquet and
conference centre. ROI financing provided the company with working capital.
Mi Pen Company Ltd. Founded in 2002, the Company is located in Richmond
Hill, Ontario. Mi Pen is a distributor of promotional writing instruments. ROI
financing was used for management buy-out.
Decorstone Corporation. Founded in 2005, the company's head office is
located in Brampton, Ontario. Decorstone specializes in a full line of kitchen
accessories such as shelves and table tops. ROI financing was used to purchase
property for expansion.
Skyline - 66 Temperance Inc. Skyline-66 Temperance Inc. is a wholly owned
subsidiary of Skyline International Development Inc., a Toronto based real
estate development and property management company. Skyline is developing a 55
storey tower in downtown Toronto. ROI provided mortgage financing to acquire
land for development.
Rev Cycles - Located in Scarborough, Ontario, Rev Cycles is the dealer
and servicer of elite Ducati and Triumph motorcycles in the GTA. The company
also operates a body service centre on its premises for luxury vehicles. ROI
provided mortgage financing to acquire property for additional showroom space.
Société En Commandite G.H. - The company owns and operates the Clarion
Hotel and Conference Centre, a 116 room full service hotel, located in
Gatineau, Quebec. The ROI loan was used to refinance the existing debt and
provide the company with working capital.
Velcan Forest Products Inc. - Established in 1993, the company operates
out of Oshawa, Ontario. Velcan is a wholesale distributor of softwood lumber
for the North American marketplace. ROI's loan was used to refinance the
existing mortgage and provide working capital.
Golden Nugget Hospitality Inc. - Company owns and operates Quality
Champlain Hotel - a 57 room limited service hotel, located in Orillia,
Ontario. ROI's loan was used to refinance existing debt.
Newtek Automotive Distribution Inc. - Established in 1997, the company is
headquartered in Cambridge, Ontario. Newtek is a supplier of brake products to
North America's largest aftermarket distributors. ROI financing provided
working capital for growth.
Sun Valley Hospitality Inc. - Sun Valley Hospitality Inc. owns and
operates the Quality Inn Hotel located in downtown Montreal, QC. ROI financing
facilitated acquisition of property from a REIT.
Infante Bros. General Contractors Limited - Infante Bros. General
Contractors Limited owns and operates the Avenue Motel - a 62 suite motel
located in Mississauga, Ontario. ROI refinanced the existing mortgage and
facilitated a shareholder buy-out.
About ROI Capital Ltd.
ROI specializes in private placement lending. ROI private placement loans
are higher yielding than traditional senior fixed income products. Also, by
lending to private companies, ROI loans are less correlated to the public
markets, providing relief from daily volatility. ROI has also partnered with
three top North American institutional investment managers - Sceptre
Investment Counsel; Wentworth, Hauser, & Violich and Johnston Asset Management
for their expertise in public market investing. By combining proficiencies in
both private and public investments, ROI is able to offer investors a breadth
of products with asset mixes not typically found in other mutual funds.
For further information:
For further information: please visit the ROI Capital website at
www.roicapital.ca; or call Jasmina Jhooti, SVP sales and marketing, at (416)
361-6162 ext. 101