Canadian specialty finance firm Crown Capital Partners has appointed Michael Overvelde as a senior vice president, finance. Overvelde, who has more than 25 years of experience in capital markets and accounting, joined Crown from Raymond James Ltd, where he served as vice president, equity research analyst. Calgary-based Crown provides debt and quasi-equity financing to mid-market companies. Earlier this year, the firm increased the size of its fourth special situations fund, Crown Capital Fund IV, to $175 million.
Crown Capital Partners Adds Michael Overvelde to Senior Management Team
CALGARY, March 8, 2017 /CNW/ – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the appointment of Michael Overvelde, CPA, CA, CFA, to the position of Senior Vice President, Finance. Mr. Overvelde has more than 25 years of experience in capital markets and accounting.
Mr. Overvelde was most recently Vice President, Equity Research Analyst at Raymond James covering the Canadian Diversified Financials sector. His equity research experience also includes roles at TD Securities and UBS Securities Canada, covering companies in banking, insurance, and industrials. Mr. Overvelde previously spent approximately 10 years in senior institutional equity sales positions at National Bank Financial and UBS Securities Canada. Prior to entering the capital markets, he spent more than five years at Ernst & Young as Audit Manager working mainly on the financial services and diversified industries teams. Mr. Overvelde obtained his Bachelor of Commerce degree before becoming a Chartered Professional Accountant. He also earned his Chartered Financial Analyst designation.
“We welcome Michael to the Crown team,” said Chris Johnson, President and CEO of Crown. “We believe his background makes him a great fit for our organization, given our many connections to the capital markets. Michael has more than 20 years of experience in the Canadian capital markets, including strong relationships in the investment community, and has spent the majority of his career focused on financial services. He will work closely with our CFO Lyle Bolen to transition responsibilities in the coming months as Lyle prepares for retirement.”
Crown is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.
For further information: Craig Armitage, Investor Relations, firstname.lastname@example.org, (416) 347-8954
Photo courtesy of Crown Capital Partners