Difference Capital acquires substantial stake in Benev Capital
Benev Capital Inc (TSX-V: BEV), a provider of solutions for the treatment of contaminated soil, has received an investment from Canadian specialty finance firm Difference Capital Financial. The firm acquired over 7.2 million common shares in Benev for $1.91 per share, or around $13.8 million. The purchase raises Difference Capital's share of the company's total issued and outstanding stock to 28.4%. With its headquarters in Oakville, Ontario, Benev is also a portfolio investment of Vancouver-based private equity firm Second City Capital Partners.
25 March 2014•3 mins read
