Ubequity Capital Partners Inc. To Launch New Specialty Finance Division.
PRESS RELEASE
TORONTO – Ubequity Capital Partners Inc. (“Ubequity”) is pleased to announce the launch of Ubequity Specialty Finance Corp. (“USFC”), a new affiliate organization to focus on securitization and other asset backed opportunities. Daryl Ching has joined USFC as President and Board Member in this new venture, and Richard Meloff, Managing Director at Ubequity, will also join as a Board Member.
Daryl has over 10 years of securitization experience. He has executed and originated numerous securitization transactions in various asset classes at RBC Capital Market and Coventree. He most recently completed a $25 million private securitization for Clubb Finance Corp., an independent automotive dealer floor plan lender.
Under Daryl’s direction, USFC will provide securitization and asset-based financing in the auto and equipment sectors. USFC intends to provide these financing solutions to small to mid-size businesses. Securitization is a form of asset based financing that mitigates small business risk through a number of structural enhancements, such as a sale of assets, a backup servicer and the lock up of cash.
"Ubequity has had tremendous success growing small to mid-size businesses,” says Ubequity CEO Martin Doane, “This great new initiative will focus on providing financing to companies that have a scalable business model and a strong management team, but do not necessarily have the prerequisites to qualify for traditional bank financing. Daryl Ching brings a wealth of experience to our team and we are very confident about the success of this initiative.”
"While the media has focused on subprime borrowing, the non-bank asset-backed market did fill an important function, providing lower cost and more flexible capital to small and mid-size businesses. Since the collapse of this market in August 2007, the void has not been filled,” says USFC President Daryl Ching “We will be looking to implement innovative funding solutions for small businesses that will level the playing field in Canada."
About Ubequity Capital Partners Inc.
Ubequity Capital Partners Inc., with offices in Toronto, Vancouver, New York and Paris, is a leading merchant and investment bank that spearheads the development and business acceleration of select public and private growth-stage companies in the media, technology, financial services, alternative energy and natural resource sectors.
Forward Looking Statement
This press release may include “forward-looking statements.” Forward-looking statements include information concerning future results of our operations, acquisitions, expenses, earnings, liquidity, cash flow and capital expenditures, industry or market conditions, assets under management, acquisitions, debt and our ability to obtain additional financing or make payments, regulatory developments, demand for and pricing of our products and other aspects of our business or general economic conditions. In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks.
For further inquiries please contact Daryl Ching at