Gregg Delcourt has joined Canadian alternative equity firm Alaris Royalty Corp as a senior vice president. Delcourt will lead the firm’s Small Cap Investments, a new division established to make investments of up to $20 million in private companies. Alaris President and CEO Steve King said the initiative is the result of strong demand from potential business partners that did not meet the firm’s current investment size criteria. He said “the robust and growing nature of our larger dollar sized deal flow” has necessitated a distinct management team “to pursue the small cap opportunities.”
Alaris Royalty Corp. Announces Executive Placement and Intentions to Create a Small Cap Focused Division
CALGARY, ALBERTA–(Marketwired – July 6, 2015) – Alaris Royalty Corp. (“Alaris” or the “Corporation”) (TSX:AD) is pleased to announce that Mr. Gregg Delcourt has joined Alaris as Senior Vice President, Small Cap Investments to lead a new division focused on making investments of up to $20 million into private companies. The creation of this new division is in response to strong demand from private small cap companies looking to partner with Alaris that do not meet Alaris’ current investment size criteria.
“Due to Alaris’ rapid growth over the last five years, many attractive transactions that come to us through our transaction referral network are now too small for us to consider”, said Steve King, President and Chief Executive Officer, Alaris.
Mr. King continues, “We believe that the market for Alaris’ unique non-control capital for smaller businesses, particularly in the United States, is very large and underserved. In order to take advantage of our leadership position in the industry, Alaris is in the process of forming a division that will actively seek out transactions with an investment size of up to $20 million. The management and the board of directors of Alaris have determined that because of the robust and growing nature of our larger dollar sized deal flow that a distinct management team be hired to pursue the small cap opportunities”.
Effective July 1st, 2015, Mr. Gregg Delcourt was hired to head the small cap division and its transaction team and will expand the staff in his group as transactions and revenue dictate. Gregg comes to Alaris with more than 17 years of investment experience, with the last 11 years as an investment banking executive where he held the position of Managing Director for the past five and a half years and 6 years in transaction advisory services prior thereto.
The small cap division will keep all of the same strict criteria and economic terms that have created value for Alaris shareholders for the past eleven years. The small cap space is robust and Alaris expects to use its competitive advantages to be a leader in this segment.
About the Corporation:
Alaris provides alternative financing to the its partners in exchange for distributions with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders. Distributions from the Partners are adjusted each year based on a percentage change of a “top line” financial performance measure such as gross margin and same-store sales and rank in priority to the owners’ common equity position.
Forward Looking Statements
Certain information regarding the Corporation contained herein may constitute forward-looking statements under applicable securities law. Statements other than statements of historical fact contained in this news release may be forward-looking statements, including, without limitation, management’s expectations, intentions and beliefs concerning: the nature of Alaris’ deal flow; and the market for Alaris’ unique structure for smaller companies. Many of these statements can be identified by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar words or the negative thereof. Such statements are based on certain assumptions and are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Such assumptions, risks and uncertainties underlying Alaris forward-looking statements have been identified in Alaris’ continuous disclosure documents filed on the Corporation’s profile on www.sedar.com, including, without limitation, Alaris’ annual information form for the year ended December 31, 2014.
Alaris Royalty Corp.
Vice President, Investments and Investor Relations
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