FirePower Capital partners with Arena Investors to create a C$100 million Joint Venture to provide capital to privately held Canadian companies
New joint venture with Arena enhances FirePower’s lending capacity and expands its investment range of up to C$20 million per loan.
TORONTO, Ont, September 28, 2018 / — FirePower Capital (“FirePower”), Canada’s entrepreneurial investment bank and credit investor, is pleased to announce that it has established a Joint Venture (“JV”) with Arena Investors, LP (“Arena”) that will increase the availability and flexibility of its Gap DebtTM product to Canadian entrepreneurs. As a result of the partnership with Arena, FirePower is well positioned to provide debt investments across the capital structure (first lien, unitranche, second lien, mezzanine and venture loans) ranging in size from C$1 million to C$20 million. FirePower is focused on identifying and investing in companies with strong enterprise value and cash flow visibility, which are seeking capital for growth, acquisitions, or dividend recapitalizations.
“We’re excited to be partnering with Arena, a strong global firm with an extensive track record of corporate lending,” said Jared Kalish, Partner, Private Capital, at FirePower. “With this partnership, we will have a greater capability to provide capital to innovative and promising Canadian companies.”
“FirePower’s investment strategy and approach is well-aligned with our own, and their extensive local knowledge of the Canadian middle market makes them an ideal JV partner for us,” said Scott B. Gold, Managing Director of Arena. “An essential part of the Arena strategy is to partner with firms like FirePower, which can efficiently identify and execute on differentiated investment opportunities.”
About FirePower Capital
FirePower Capital is the investment banking and private capital firm built for Canada’s entrepreneurs. Our team of 30+ deal professionals helps their mid-market businesses complete mission-critical transactions by advising them or investing in their companies directly. See www.firepowercapital.com for more information.
About Arena Investors, LP
Arena is a global investment firm and merchant capital provider that seeks to generate attractive risk-adjusted and uncorrelated returns by originating a highly diversified portfolio of investments with borrowers and other counterparties for whom conventional sources of capital are scarce. Arena’s mandate is global, and also unconstrained in terms of asset class and industry. Based in New York City, Arena was formed in partnership with The Westaim Corporation, a publicly traded Canadian holding company focused on the financial services industry. See www.arenaco.com for more information.
Environics Analytics (“EA”) is a leading North American provider of marketing and analytical services. The company needed financing to support its expansion plans in the US and Canadian markets, and wanted to secure capital from a senior lender that understood EA’s value drivers. FirePower surfaced numerous proposals, then negotiated and improved on the terms and conditions to the benefit of EA.