Flow Capital Announces USD $1.06 Million Buyout of Frequentz Investment
TORONTO, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or “Flow”) today announced that its investment in Frequentz, Inc. (“Frequentz”) has been bought-out for a price of USD $1,062,500, generating a 1.54X return on the USD $850,000 investment made in June 2017. It is the third profitable exit from Flow Capital’s portfolio in 2018. The other 2018 exits were Fixt (2.2X) and Boardwalktech (2.2X).
“The value proposition of Flow’s growth capital was demonstrated in our Frequentz investment. Our flexible capital structure provided a bridge to the acquisition of Frequentz’s assets by rfXcel,” stated Robb McLarty, Chief Investment Officer of Flow Capital. “With approximately CDN $9 million in capital available to deploy, we are very well positioned for growth in 2019.”
About Flow Capital Corp.
Based in Toronto, Flow Capital Corp. is a diversified alternative asset investor and advisor, operating two divisions: an investment operation providing revenue-linked capital to emerging growth businesses, and an institutional advisory sales platform providing pension funds, charities and endowment clients with access to leading institutional money managers from around the world. Learn more at www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Robb McLarty Chief Investment Officer firstname.lastname@example.org Phone: (416) 777-0383