Difference Capital seeks influence at Benev with board nominations
Canadian specialty finance firm Difference Capital Financial has nominated five new members to the board of directors of Benev Capital Inc (TSX-V: BEV). The nominees, who include the firm's CEO Michael Wekerle and Relay Ventures' co-founder and managing partner John Albright, are intended to provide "fresh perspective and new leadership" and address Benev's recent changes in strategic direction. Difference Capital acquired a 28.4% interest in the company in March. The Oakville, Ontario-based Benev, which currently operates as a merchant bank, is also backed by Canadian private equity firm Second City Capital Partners.
27 May 2014•8 mins read
