Crown Capital lends $12 mln to DCM to fund Perennial buy

Canadian specialty finance firm Crown Capital Partners has provided a $12 million term loan to DATA Communications Management Corp (TSX: DCM), a Brampton, Ontario-based business communication solutions provider. The loan's proceeds will be used in part to support DCM's acquisition of Perennial Group of Companies, which includes Perennial Inc, a Toronto-based provider of design strategies for major retail brands, and The Finished Line Studios Inc, a Bolton, Ontario-based art studio. In a separate release, DCM said the deal, expected to close this month, reflects a purchase price of about $12 million.

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