TORONTO, Jan. 8 /PRNewswire-FirstCall/ - Wellington Financial LP, a privately held specialty finance firm, today announced a $31.2 million financing for an entity providing rotary wing aircraft for use by SkyLink Aviation Inc. ("SkyLink") of Toronto, Ontario. SkyLink provides just-in-time solutions to operational, housing and supply chain needs for commercial, military and non-governmental clients in remote and hostile environments. SkyLink has conducted operations in 60 different countries over the past 20 years.
"Wellington Financial is again pleased to be providing financing to the niche aviation market," said Mark McQueen, President & Chief Executive Office of Wellington Financial LP. "The experience we gained working with the founders of military contractor Top Aces Inc. was instrumental as we approached this complicated transaction."
"SkyLink provides unique services to demanding and important clients around the world," added Jan Ottens, President and Chief Executive Officer of SkyLink. "Wellington Financial was quick to understand and meet our needs, brought unique expertise to the table, and we are delighted with the relationship."
Akin Gump Strauss Hauer & Feld LLP of Los Angeles, CA, Morris and Morris LLP, Blake, Cassels & Graydon LLP and Goodmans LLP (all of Toronto) provided legal advice related to this transaction. Capital Canada Ltd. acted as Agent to SkyLink on this financing.
Since 2004, Wellington Financial LP has led or participated in more than $300 million in transactions, making it one of the most active funds of its kind in North America.
About Wellington Financial LP
Wellington Financial LP is a privately held specialty finance firm providing operating lines of credit, term, venture and amortizing loans up to $40 million. Wellington Financial LP is currently managing a $450 million investment program via Wellington Financial Fund III, with offices in Toronto, Canada and Santa Monica, California. Wellington Financial LP is managed by a partnership controlled by fund management and Clairvest Group Inc. (CVG: TSX), who jointly have contributed a large financial stake to Fund III. LPs include several of Canada's largest institutional investors, crown corporations, financial institutions and pension funds. Visit the fund website at www.wellingtonfund.com.
SOURCE Wellington Financial LP