Counsel to Divest Itself of Non-Core Business Assets

Toronto-based Counsel Corp. signaled its intention to streamline the company's operations and focus on its core financial services business, Street Capital Financial Corp. Counsel has in past years been active in making direct and indirect private equity investments. Since 2007, it has backed Canadian mid-market private equity firm Knight's Bridge Capital Corp., while in 2010, it invested in Toronto-based company Fleetwood Fine Furniture LP.

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