Canadian specialty finance firm Crown Capital Partners has added three senior professionals to its team. They include Tim Oldfield, formerly a partner at Grant Thornton LLP, who will serve as senior vice president and CIO. Additionally, Brian Mellum, co-founder and COO at Toscana Capital Corp, becomes senior vice president, energy. Finally, David Turnbull, formerly a vice president and head of private company advisory at Manulife Capital Markets, will serve as senior vice president, business development. Calgary-based Crown Capital, which went public in July, held an initial $100 million close for its fourth special situations debt fund in September.
Crown Capital Partners Adds Three Senior Professionals to Support Growth
CALGARY, Nov. 5, 2015 /CNW/ – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRN) today announced it has added significant depth and experience to its team with the additions of three senior financial industry professionals: Tim Oldfield as Senior Vice President, Chief Investment Officer, Brian Mellum as Senior Vice President, Energy and David Turnbull as Senior Vice President, Business Development.
Tim Oldfield has joined Crown as Senior Vice President, Chief Investment Officer, assuming responsibility for investment underwriting and portfolio management. Mr. Oldfield has over 15 years of experience in transaction due diligence, mergers & acquisitions, capital advisory, financial analysis and modeling, and business valuations. He joins Crown from Grant Thornton LLP, where he was a Partner in the Corporate Finance group leading the due diligence team in Southern Ontario. In addition to obtaining his CA/CPA designation, Mr. Oldfield holds the Chartered Financial Analyst (CFA) and Chartered Business Valuator (CBV) designations.
Brian Mellum joins Crown in the newly created role of Senior Vice President, Energy based in Crown’s Calgary office. Mr. Mellum was a co-founder and Chief Operating Officer of Toscana Capital Corporation, a Calgary-based merchant banking firm specializing in mezzanine debt financing to mid-size private and public companies in Western Canada. During his 11 years at Toscana, the company completed more than 100 financing transactions with aggregate capital deployed in excess of $400 million. Toscana was acquired by Sprott Inc. in 2012. Previous roles include multiple positions with National Bank of Canada over an 11-year period, including Senior Manager of the Corporate & Energy lending group. Mr. Mellum holds a BComm (Finance and Marketing) from the University of Calgary and also holds the CFA designation.
David Turnbull joins Crown’s Toronto office in the role of Senior Vice President, Business Development. Most recently, Mr. Turnbull served as Vice President and Head of Private Company Advisory for Manulife Capital Markets where he led the team focused on institutional private placements of debt and equity and mergers & acquisitions advisory services. Previously, he was President & CEO at Arch Capital, which provided private placements and mergers and acquisitions advisory to businesses with sales of $20 to $250 million. Mr. Turnbull obtained his BA (Economics) from the University of Western Ontario, an MBA from the Richard Ivey School of Business and holds the CFA designation.
“Tim, Brian and David are highly respected professionals who bring a wealth of knowledge and experience to our firm,” said Chris Johnson, President & CEO of Crown. “Their extensive transaction expertise and deep relationships in the mid-market strengthen our ability to originate, underwrite and manage new transactions and position Crown for significant growth.”
Crown (TSX: CRN) is a specialty finance company focused primarily on providing capital to successful Canadian companies, and to 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 transitory and permanent 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. To find out more about Crown, please visit our website www.crowncapital.ca.
Additional information relating to the Corporation is available on SEDAR at www.sedar.com.
For further information: Christopher Johnson, President & CEO, firstname.lastname@example.org, (416) 640-6715; Craig Armitage, Investor Relations, email@example.com, (416) 347-8954
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