Crown backs Baylin buy of Advantech units with $33 mln loan
Canadian specialty finance firm Crown Capital Partners has supplied a $33 million loan to Baylin Technologies Inc (TSX: BYL), a Toronto-based provider of wireless antenna solutions. The loan was syndicated with Crown limited partners Portland Investment Counsel and Nicola Wealth Management. It will support Baylin's acquisition of the radio frequency, terrestrial microwave and antenna equipment units of Advantech Wireless Inc, a Montréal-based wireless broadband communications company. In a separate release, Baylin said the deal reflects an upfront purchase price of $49 million.
17 January 2018•3 mins read
