On November 1, 2024, Montfort Capital Corp. ("Montfort" or the "Company") (TSX-V:MONT), a trusted provider of focused private credit strategies for institutional investors, family wealth offices and wealth managers, announced it has closed the sale of the entities comprising the TIMIA Capital business unit (the "TIMIA Group"), together with its equity interests in the TIMIA Group investment funds, to an affiliate of Round 13 Capital ("Round 13"). The sale of the TIMIA Group included all-cash consideration of $4.5 million, subject to certain purchase price adjustments, and the purchaser's acquisition from Pivot Financial I Limited Partnership ("Pivot"), an affiliate of Montfort, of $2 million in principal indebtedness of TIMIA Capital Holdings Limited Partnership, an entity comprising the TIMIA Group.
MLT Aikins was pleased to act for Montfort Capital in this transaction. The team included Vancouver partner Kevin Sorochan, Winnipeg associate Taylor Dignan, Vancouver counsel Tony Anderson and Vancouver associate Jesse Hines.
About Montfort Capital Corp.
Montfort manages a diversified group of specialized private credit brands with efficient tech-enabled processes and experienced, focused management teams. Montfort's business lines include Brightpath Capital, Langhaus Financial, Nuvo Financial and Pivot Financial.