RNP to fund management buyout of Advance Wire Products
Canadian royalty financing firm Royalty North Partners (RNP) has agreed to fund the management buyout of Advance Wire Products Ltd (AWP), a Surrey, British Columbia designer and maker of display fixtures and merchandising solutions. RNP agreed to provide a $6.8 million loan to an entity that will acquire the company's outstanding shares. Management and RNP will also make an equity contribution. With the deal's close, Michael McAdam will become the new president of AWP. Vancouver-based RNP provides royalty financing to private, mid-market companies.
24 August 2017•5 mins read
