TORONTO, May 25, 2022
/CNW/ - Chesswood Group Limited (TSX: CHW) ("Chesswood"), a
publicly traded North American specialty finance company, and
Waypoint Investment Partners Inc. ("Waypoint"), a Toronto based investment fund and private
client investment manager, are pleased to announce the successful
completion of the previously announced acquisition of Waypoint
through Chesswood Capital Management Inc.
As consideration for the transaction, Chesswood paid
$1,589,610 in cash and issued 150,983
Chesswood common shares.
About Waypoint Investment
Partners Inc.
Waypoint Investment Partners Inc. is a Toronto-based
investment manager that services high net worth individuals, family
offices, investment advisors, foundations and institutional
clients. With a team of 12 experienced industry professionals,
Waypoint delivers proprietary products and services. Waypoint is a
member of the Portfolio Management Association
of Canada and is registered as an Investment Fund
Manager, Portfolio Manager and Exempt Market Dealer in several
Canadian provinces. To learn more,
visit www.waypointinvestmentpartners.com.
About Chesswood Group
Limited
Through three wholly-owned subsidiaries in the United States and five subsidiaries in
Canada, two of which are
wholly-owned, Chesswood Group Limited is a North American specialty
finance company publicly traded on the Toronto Stock Exchange.
Colorado-based Pawnee Leasing
Corporation, founded in 1982, finances a highly diversified
portfolio of commercial equipment leases and loans through
relationships with over 600 brokers in the United States. Tandem Finance Inc.
provides financing in the U.S. through the equipment vendor
channel. In Canada, Blue Chip
Leasing Corporation has been originating and servicing commercial
equipment leases and loans since 1996. Vault Credit Corporation
specializes in equipment leases and commercial loans across
Canada, allowing for customizable
financing solutions while catering to a wide spectrum of credit
tiers, equipment types and sectors by offering industry-leading
service levels, experienced underwriters and account
administrators. Blue Chip and Vault Credit operate through a
nationwide network of more than 60 brokers. Vault Home was launched
in September 2021 and focuses on
providing home improvement and other consumer financing solutions
in Canada. Rifco National Auto
Finance Corporation, with the mission to help Canadians own
automobiles, seeks to create sustainable long-term competitive
advantages through personalized partnerships with dealers,
innovative products, the use of industry-leading data and
analytics, and leading collection practices. Chesswood Capital
Management and Chesswood Capital Management USA provide private credit alternatives to
investors seeking exposure to lease and loan receivables, including
those originated by Chesswood subsidiaries.
Based in Toronto, Canada,
Chesswood Group Limited's shares trade on the TSX under the symbol
CHW.
To learn more about Chesswood Group Limited, visit
www.ChesswoodGroup.com.
The websites of Chesswood Group Limited's operating businesses
are:
www.PawneeLeasing.com
|
www.BlueChipLeasing.com
|
www.TandemFinance.com
|
www.VaultCredit.com
|
|
|
NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY
AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED
HEREIN.
SOURCE Chesswood Group Limited