- Montfort Capital Corp. (TSXV:MONT) has acquired the remaining 21.98 per cent ownership interest of Langhaus Financial Partners Inc.
- Montfort acquired the remaining shares at $0.50 per share for a total value of C$2.6 million
- As of March 2024, Langhaus achieved its financial target for assets under management, allowing Montfort to acquire the minority interest under a call option in the agreement
- Montfort Capital Corp. last traded at $0.11 per share
Montfort Capital Corp. (TSXV:MONT) has acquired the remaining 21.98 per cent ownership interest of Langhaus Financial Partners Inc.
Montfort acquired the minority interest by issuing 5.2 million shares in the company. Under the terms of the deal, Montfort acquired the remaining 2,931 common shares in exchange for the consideration shares at $0.50 per share for a total value of C$2.6 million.
As of March 2024, Langhaus achieved its financial target for assets under management, allowing Montfort to acquire the minority interest under a call option in the agreement.
Langhaus is a non-bank provider of insurance policy-backed lending solutions to high-net-worth individuals and entrepreneurs throughout Canada. The Langhaus team designs flexible lending programs in a way that best meets the needs of borrowers, with an expertise in structured finance transactions and complex borrower structures that fall outside the typical purview of Canadian banks.
Montfort Capital Corp. is a provider of focused private credit strategies for institutional investors, family offices and wealth managers.
Montfort Capital Corp. (TSXV:MONT) last traded at $0.11 per share.
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(Top image: Montfort Capital Corp.)