Difference Capital pulls out of Benev Capital investment
Canadian specialty finance firm Difference Capital Financial recently agreed to sell more than 11 million shares of portfolio company Benev Capital Inc (TSX-V: BEV). Gross proceeds of the disposition were estimated at about $22 million. According to a report by The Financial Post, Difference Capital has since sold its entire holdings in the company. Over the past few weeks, the firm and Benev have publicly feuded over board representation and Benev's plan to buy royalties from Franworks Franchise Corp for $103 million. Difference Capital also recently announced changes to its board of directors and an internal reorganization.
23 July 2014•3 mins read
