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Yellow Point Backs Seymour Investment Management
Vancouver, B.C. June 2010 –Yellow Point Equity Partners ("Yellow Point") is pleased to announce a recent investment in Seymour Investment Management Ltd ("Seymour").
Seymour Investment Management Ltd. provides fee-based discretionary investment management services to both individual and institutional clients. In June 2010, Yellow Point provided $0.5 million of growth capital to Seymour. The investment was structured in the form of 9% promissory notes with a term of five years. Yellow Point also acquired common shares in Seymour, equating to an approximate 10% fully-diluted ownership position after Seymour's employee partners are fully invested. In 2010 Seymour launched two pooled funds, a Canadian Equity Fund and a Performance Fund. Since inception, the more aggressive Performance Fund (containing small capitalization stocks) has generated a return, after fees, of 49.4%. In comparison the S&P/TSX Composite Index has had a total return of 24.7% over the same period. The strong performance of Seymour has helped to attract additional clients, bringing total assets under management to approximately $120 million at March 31, 2011. Management of Seymour continues to focus on increasing the assets under administration primarily through referrals from existing clients.
About Seymour Investment Management
Seymour Investment Management Ltd. was founded in 2010 with a vision of creating an employee-owned, client-focused investment boutique with a unique service offering. Seymour is focused on the small-cap segment of the Canadian public market, which often can provide above average returns for an active investment manager due to less coverage from analysts, which often deters larger investment managers from participating in this market.
About Yellow Point
Yellow Point Equity Partners is a private equity investment firm with significant operating and investment experience. We invest in and partner with outstanding management teams of later stage private companies with the goal of building shareholder value over the long-term. With our experience and creativity, and the strong support of our portfolio companies, we aim to be the long-term partner of choice for management teams of western Canada’s leading private companies.
For more information, please contact David Chapman or Brian Begert, or visit
our website at www.ypoint.ca
Yellow Point Equity Partners LP
Suite 1000 – 1285 West Pender Street
Vancouver, B.C. V6E 4B1
David Chapman
Managing Partner dchapman@ypoint.ca
604 659 1894 |
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Brian Begert
Managing Partner
bbegert@ypoint.ca
604 659 1892 |
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