Realization of DIP Loan for Eve & Co.

Deans Knight Capital Management Ltd. (“Deans Knight”) is pleased to announce the successful and full exit of its investment in Eve & Co. Deans Knight provided Eve & Co. with a senior secured term loan to fund the company’s cash requirements during the sale and investment solicitation process. The investment allowed management to successfully complete the sale of the business.

Steve Conway, Chief Executive Officer of Deans Knight, commented, “We are pleased that we were able to support the management of Eve & Co. as they conducted the sales process.” 

Conway continued, “This is another successful transaction that builds on our presence in the Canadian private credit market. The first lien term loan was collateralized at over 5 times the sale proceeds yet still generated a high return for our investors. The Deans Knight team has invested over $700 million in over 60 private credit transactions generating attractive risk-adjusted returns on those investments.”

The investment strategy of Deans Knight Private Credit Limited Partnership is to provide an alternative source of debt financing to small and medium-sized businesses primarily in Canada and the United States. The Partnership’s strategy is to maximize long term risk-adjusted returns, which are structured to provide downside protection, and may include equity-like features that provide upside participation.

The Deans Knight Income Fund was awarded the prestigious Global Manager Research Top Performer Award for Global Fixed Income in 2021.

About Deans Knight: Deans Knight (www.deansknight.com) is an award winning, independent asset management firm based in Vancouver, British Columbia which serves Canadian institutions, families and foundations. Founded in 1993, Deans Knight has focused on providing superior risk-adjusted returns with a strong focus on capital preservation.