For Immediate Release
Press Release, December 20, 2016
TriView Capital’s President & UDP, Craig Burrows Named as a Director of Private Capital Markets Association of Canada (PCMA)
The PCMA Announces the Election of Nine New Directors
TORONTO, ONTARIO–(Marketwired – Dec. 20, 2016) – Private Capital Markets Association of Canada (PCMA) is pleased to announce the appointment of nine new members to its Board of Directors.
These Board appointments were made to provide further regional representation, development opportunities and to ensure strength and continuity of PCMA leadership. These recent appointments are:
- Craig Burrows, President & UDP, TriView (Calgary, Alberta)
For more, see PCMA Press Release
For Immediate Release
Press Release, June 23, 2016
CIBT Signs Advisory Agreement with TriView Capital to Raise $110M Equity
CIBT EDUCATION GROUP INC.
International Head Office:
Suite 1200, 777 West Broadway Vancouver, BC V5Z 4J7
Tel: 604.871.9909 Fax: 604.871.9919
Email: firstname.lastname@example.org Web: www.cibt.net
Vancouver, B.C., June 23rd, 2016 – CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to announce that it has signed a financial advisory agreement (the “Agreement”) with TriView Capital Ltd., of Calgary, Alberta to raise an aggregate of $110 million equity for two limited partnerships being structured by CIBT and to be managed by one of CIBT’s subsidiaries, Global Education City Management Corp., to develop a GEC-branded Education Super Center in Metro Vancouver and Education Mega Center potentially in Surrey, BC (collectively referred to as “Super Centers”).
The concept of “Education Super Centers” was derived from CIBT’s development and successful launching of its Global Education City projects in Metro Vancouver, now comprising five student centric serviced apartments and hotels located in Metro Vancouver valued over $165 million. With two of these projects fully operational at near 100% occupancy, two projects near completion for August and December 2016 possession, one project expanded from two city lots to three city lots and now at re-zoning phase, the Education Super Center and Mega Center models were developed based on experiences gained and tremendous demand generated through CIBT’s schools, recruitment network and agency connections, and other elements of its education infrastructure.
“We have had the pleasure of working with TriView Capital since 2015 and TriView successfully completed $6 million in equity investments for a GEC-branded limited partnership project efficiently,” commented Toby Chu, President, Chief Executive Officer and Vice Chairman of CIBT Group. “From the experience gained and comments received so far, it is clear to us that investment interest in student housing is fresh and strong, and having CIBT Group’s 22 years education infrastructure along with Sprott Shaw College’s 113 years’ experience in BC’s education sector made a tremendous difference when connecting with potential investors. Furthermore, our infrastructure and experience has thus far ensured a steady pipeline feeding international students to our housing properties. Our Education Super Center and Mega Center projects will be the first of its kind in North America in terms of business model, innovation, scale and size. Total aggregated project size for these two projects is approximately C$400 million, and we look forward to working with TriView Capital on these projects.”
“These projects are cutting edge in the terms of thinking outside of the box. Instead of the notion of building housing and hoping that students arrive, these two specific “Super Centers” integrate educational infrastructure with student housing,” says Craig Burrows, President & CEO of TriView Capital Ltd. He also added, “Prestigious universities are no longer tied to their original site or city. They’re now opening up satellite schools to compete for the post-secondary student market. It’s a game changer that instead of people going to the mountain, the “Super Centers” are bringing the mountain to the students. Vancouver is the perfect city for international students and a perfect location for universities / colleges to set up satellite locations”.
About GEC Super Centers:
GEC Super Centers will be the first of their kind in North America, aggregating a number of multidiscipline public and private schools at one location, including language schools, colleges, technical and trade schools, and universities, supported by long and short-term stay hotels connected to the GEC Super Centers. Such arrangement will eliminate the need for students attending schools at a GEC Super Center to commute daily to and from school, saving them time and money. Perhaps even more importantly, students will be living and studying in a safe environment.
For commercial tenants and schools to be located at a GEC Super Center, they will be able to substantially reduce their operating cost by sharing common area facilities such as cafeteria, library, computer center, student lounges, job placement agencies and meeting/conference rooms. These facilities are expensive to maintain, often under-utilized but an essential requirement for every school. By pooling these resources together, school tenants located at GEC Super Centers will be able to focus on their core competency being “education”, instead of spending valuable capital and operating expenses on supporting facilities.
About TriView Capital Ltd.
TriView Capital Inc. is a registered EMD across Western Canada and Ontario that specializes in private and alternative investments. Focused primarily in the real estate sector and yield products, TriView offers investors unique opportunities not offered in the public markets. To learn more, visit www.triviewcapital.com
About CIBT Education Group:
CIBT Education Group Inc. is an education management company focused on the global education market since 1994. Listed in Canada on the Toronto Stock Exchange and in the U.S. on the OTCQX International, CIBT owns and operates a network of business, technical and language colleges in North America and Asia. CIBT offers cooperative joint programs in 12 countries with campuses, recruitment offices and training centers enrolling over 7,000 students annually. Its education business is operated through Sprott Shaw College (established in 1903), Acsenda School of Management, CIBT School of Business China, and Global Education Alliance Recruitment Centers at various overseas countries. Through these subsidiaries, CIBT offers recognized and approved business and management degrees, programs in college preparation, healthcare, hotel management and tourism, English language training, English Teacher Certifications, junior and high school preparation programs for overseas study, and other career/vocational training. CIBT also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada, Global Education Alliance (“GEA”) and Global Education City Holdings Inc. (“GEC”). GEA recruits international students for many elite kindergarten, primary, secondary schools and universities in North America. GEC is an investment holding and management company with a special focus on education related real estate projects in Canada. Visit us online at www.cibt.net, www.studenthotel.ca and watch our corporate video at http://cibt.net/about/.
Vice-Chairman, President & CEO
CIBT Education Group Inc.
Investor Relations Contact: 1-604-871-9909 extension 318 or | Email: email@example.com
Some statements in this news release contain forward-looking information (the “forward-looking statements”) about CIBT Education Group Inc. and its future plans. Forward-looking statements are statements that are not historical facts. The forward-looking statements in this news release include, without limitation, plans to develop the Super Centers. The forward-looking statements are subject to various risks, uncertainties and other factors that could cause CIBT’s actual results or achievements to differ materially from those expressed in or implied by forward-looking statements, including but not limited to availability of sufficient funds on terms acceptable to CIBT or at all, obtaining all necessary municipal and other required regulatory approvals, and the demand for accommodations and commercial space if and when the Super Centers are constructed. Forward-looking statements are based on the beliefs, opinions and expectations of CIBT’s management at the time they are made, and CIBT does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change, except as may be required by law.
For Immediate Release
Press Release, May 10, 2016
TriView Capital Ltd. wins’ multiple awards at PCMA Conference
The Private Capital Markets Association of Canada (PCMA) is pleased to announce the 5th Annual Private Capital Markets Conference (the 2016 PCMA Conference) and PCMA Awards ceremony taking place on May 9th, 2016 at the Toronto Board of Trade.
The event is open to the media.
The Honourable Charles Sousa, Ontario Minister of Finance will deliver a keynote address on behalf of the Ontario Government. Minister Sousa states that “Strong private capital markets are essential to building our infrastructure, growing our economy and supporting vibrant communities. Private capital markets are one of the critical pathways to launch ideas and grow companies. We continue to expand and strengthen our private capital markets to support a strong foundation for our economy in Ontario and Canada.”
Geoffrey Ritchie, PCMA Vice-Chair states: “Capital raised in the exempt market helps finance key business growth and economic development across Canada. It is an important contributor to job creation, supporting entrepreneurial businesses, creating wealth for investors and securing both public pension and private retirement savings. The private markets have grown considerably in recent years and the total amount of capital raised through exempt distributions continues to exceed $100+ billion a year and continues to far outpace capital raising in the public markets.”
2016 PCMA Private Capital Markets Awards
Winners of the 2016 PCMA Private Capital Markets Awards
2016 PCMA Commercial Real Estate Award
ICM (VII) U.S. Core Plus Realty Trust (TriView Capital co-agent)
ICM is a real estate investment firm with a long track record of managing assets on behalf of some of Germany’s wealthiest families. ICM began offering investments to Canadian retail and accredited investors in 2012, working with a syndicate of Exempt Market Dealers. The firm has regularly demonstrated market leadership through its value orientation, disciplined processes and commitment to its partners and clients. With the creation of ICM VII in 2014, the firm introduced an innovative governance structure that included a formal investment committee and continuing oversight of registered portfolio managers. In 2015, ICM made a number of strategic acquisitions in the U.S. to position the firm to achieve its targeted 12% annualized rate of return for its investors.
2016 PCMA Commercial Real Estate Award
Points West Living (TriView Capital, co-agent)
Since its inception in 2000, Points West Living has become one of Alberta’s leading providers of quality hospitality and care for seniors living in supportive living communities. By amalgamating hospitality, health and residential care services, Points West Living has embraced and implemented the very best ideas in seniors care. Cranson Capital Securities led a capital raise of $22M for the Points West Living Limited Partnership to acquire a portfolio of 7 seniors housing facilities across Alberta. Total consideration for the portfolio was approximately $100 million, including the Cranson Capital offering, an additional $9.8M investment from management and approximately $68M in mortgage financing.
2016 PCMA Real Estate Development Award
Rockspring Capital Texas Real Estate Trust (TriView Capital, co-agent)
On a global basis, pre-development land is not only one of the most challenging asset categories to manage but also the most difficult to access. When purchased astutely, and structured appropriately, it offers tremendous capital preservation and growth opportunities. Since 2011, Rockspring has been syndicating land located in the United States and made the opportunity available to Canadian private market investors through a series of partnerships with more than $50 million in equity raised. The award is in recognition of the company’s Rockspring Capital Texas Real Estate Trust, which featured a diversified portfolio of lands located throughout the major markets in Texas – with a mix of lands designated for commercial and residential end use.
2016 PCMA Diversified Mature Award
Invico Capital Corporation (TriView Capital, co-agent)
The Invico Diversified Income Fund invests in a diversified portfolio of high yield lending and investment opportunities that provide monthly cash flow for investors. Founded in 2005 by Jason Brooks and Allison Taylor, Invico Capital Corporation currently manages over $200 MM capital under management. The objective of the fund is to provide consistent, longer-term risk adjusted returns with reduced volatility through direct control or ownership of the underlying assets of the investments. In 2015, Invico Capital included a truly unique opportunity in their portfolio, adding a film credit investment into their fund that lead to their selection as the PCMA’s Award of the Year in the “Diversified – Mature” category.
About the Private Capital Markets Association of Canada
Since 2002, the Private Capital Markets Association of Canada has brought together Exempt Market Dealers, exempt market product Issuers, and professional advisers to the private capital markets. The PCMA is the leading national industry voice for the private capital markets to securities regulators, government and the capital markets. The PCMA provides valuable services and benefits to its members, including: regulatory and compliance resources, opportunities for professional development and industry education, exclusive insurance programs, and access to a network of private capital markets professionals from coast to coast. In 2012, the PCMA launched Private Capital Markets Awards – the first and only national industry awards for private capital markets professionals. The PCMA believes in celebrating and promoting the success stories of the private capital markets in Canada. For more information please visit pcmacanada.com.
For media inquiries, please contact:
Communications Director, PCMA
For Immediate Release
Press Release, March 15, 2016
TriView Capital Ltd. Closes $6 million capital raise for GEC
March 15th, 2016 Vancouver, BC: CIBT Education Group Inc. (“CIBT”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that pursuant to its news release dated December 10th 2015 entitled “CIBT Subsidiary Expands Student Housing Portfolio to Burnaby Heights”, the offering of limited partnership units relating to the GEC Burnaby Heights project have been fully subscribed, raising gross proceeds of $6 million. CIBT’s investment partner, TriView Capital Ltd., completed this private placement within 3 months.
“Catering to both domestic and international students, the student housing sector in the Vancouver area is an untapped opportunity for superior returns versus risk over the next 3 to 5 years. We believe that CIBT’s focus and expertise in this field gives them a competitive advantage in this market and we look forward to our next GEC project”, stated Craig Burrows, President & CEO of TriView Capital Inc. “With the volatility of the stock market, private equity investments such as the GEC Burnaby Heights project provides a solid diversification strategy for our accredited investors.”
“We are very pleased with TriView’s commitment to our GEC Burnaby Heights project,” commented Toby Chu, President and CEO, Vice Chairman of CIBT. “Given its track record in generating returns in the real estate sector, we are excited to be working with TriView on Burnaby Heights and hope to work with them on upcoming projects. The investment demand for this project exceeded our original planned amount and the over subscription interest was introduced to GEC‘s next upcoming project to be launched shortly.”
GEC Burnaby Heights is a strata condominium building with commercial premises on the ground floor, four stories of concrete and wood frame construction and is able to accommodate approximately 84 beds. The close proximity of this property to various educational institutions in the area, and being situated on a major traffic artery, makes it perfect for international students to commute between school, residence and downtown Vancouver. The close proximity to Simon Fraser University, Fraser International College, Capilano University, British Columbia Institute of Technology, Sprott Shaw Burnaby Campus and Sprott Shaw College East Vancouver means that students from these schools could potentially benefit from this project. Construction for GEC Burnaby Heights is expected to complete in the summer of 2016, and GEC Burnaby Heights Limited Partnership plans to take possession and furnish the property for the start of the 2016/17 school year.
About TriView Capital Inc.:
TriView Capital Inc. is a registered EMD across Western Canada and Ontario that specializes in private and alternative investments. Focused primarily in the real estate sector and yield products, TriView offers investors unique opportunities not offered in the public markets. To learn more, visit www.triviewcapital.com.
About CIBT Education Group:
CIBT Education Group Inc. is an education management company focused on the global education market since 1994. Listed in Canada on the Toronto Stock Exchange and in the U.S. on the OTCQX International, CIBT owns and operates a network of business, technical and language colleges in North America and Asia. CIBT offers cooperative joint programs in 12 countries with campuses, recruitment offices and training centers enrolling over 7,000 students annually. Its education business is operated through Sprott Shaw College (established in 1903), Acsenda School of Management, CIBT School of Business China, and Global Education Alliance Recruitment Centers in China and other overseas countries. Through these subsidiaries, CIBT offers recognized and approved business and management degrees, programs in college preparation, healthcare, hotel management and tourism, English language training, English Teacher Certifications, junior and high school preparation programs for overseas study, and other career/vocational training. CIBT also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada, Global Education Alliance (“GEA”) and Global Education City Holdings Inc. (“GEC”). GEA recruits international students for many elite kindergarten, primary, secondary schools and universities in North America. GEC is an investment holding and management company with a special focus on education related real estate projects in Canada. Visit us online at www.cibt.net and watch our corporate video at http://cibt.net/about/
Some statements in this news release contain forward-looking information (the “forward-looking statements”) about CIBT Education Group Inc. and its future plans. Forward-looking statements are statements that are not historical facts. The forward-looking statements in this news release include, without limitation, the increased value of assets and number of beds in the student housing portfolio under the GEC brand resulting from the increase in the size of GEC Project 6. The forward-looking statements are subject to various risks, uncertainties and other factors (collectively, the “Risks”) that could cause CIBT’s actual results or achievements to differ materially from those expressed in or implied by forward-looking statements. The Risks include, without limitation, that the acquisition of GEC Project 6 is not completed. Forward-looking statements are based on the beliefs, opinions and expectations of CIBT’s management at the time they are made, and CIBT does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change, except as may be required by law.
For Immediate Release
Press Release, May 22, 2015
TriView Wins National Award for Best Real Estate Deal of the Year for 2015
The Private Capital Markets Association of Canada (PCMA)™ held its 4th Annual PCMA Private Capital Markets Conference and announced the winners of the 2015 PCMA Private Capital Markets Deals of the Year Awards on May 19th, 2015.
The conferences hosted a great line up of speakers including the Hon. Joe Oliver, Minister of Finance, who opened the conference with a keynote address on the private capital markets and its impact on the economy.
“It was a pleasure to speak at 4th Annual Private Capital Markets Conference organized by the Private Capital Markets Association of Canada. Our Government’s top priority is creating jobs, growth, and long-term prosperity. A vibrant, liquid and competitive capital market is central to achieving that goal – and private markets are an integral part. So we share the same goal as the PCMA: harnessing capital markets as the engine of Canadian prosperity,” remarked Hon. Joe Oliver, Minister of Finance
This year the conference focused on the following theme: “Capital Raising and Effective Regulation – Private Capital Markets and Canada’s Economic Development”.
The event culminated with the presentation of the 2015 PCMA Awards – Private Capital Markets Deals of the Year – the only national industry awards for the private capital deals across Canada. These industry awards recognize Issuers of private market securities and Exempt Market Dealers that encourage best practices, high standards of conduct and recognize private capital markets business leaders who are helping build a vibrant and successful private capital market in Canada. Barry Critchley from the Financial Post hosted the 4th annual PCMA Awards presentation.
Geoffrey Ritchie, Executive Director, PCMA remarked, “The 2015 PCMA Award nominees reflect the many high quality and dynamic private capital deals going on across this country. This year, the PCMA received nominations from every region of the country – in fact it was the strongest nomination year since the awards began in 2012 and a sign of the growing momentum behind these Private Capital Awards.”
The nominees were evaluated based on their leadership in the industry, the qualities of the deal, its impact on the business, our industry and the community. We looked for innovative deals, projects that reflect the variety and complexity of the private markets, and issuers and dealers that displayed best practices and created great opportunities for Canadian investors. The award selection committee was comprised of independent members of the PCMA’s national Board of Directors.
The PCMA is committed to raising up the success stories of the private markets and honouring the industry leaders behind these successes stories. The PCMA Awards are the first awards to recognize excellence in the private capital markets and the activity of PCMA members across Canada engaged every day in helping to:
- finance entrepreneurs, innovators and start-ups;
- inject capital to transition businesses;
- support and grow emerging businesses that are creating jobs in local communities; and
- create successful private market investment opportunities for Canadians.
Winners of the 2015 PCMA Awards – Private Capital Markets Deals of the Year
Residential Real Estate Deal of the Year
TriView Capital Ltd. & Hopewell Mahogany Limited Partnership
Mahogany was the winner of Canada’s Community of the Year in 2013 and is situated in Southeast Calgary. Mahogany is a master planned community anticipated to accommodate 12,800 residences and house over 25,000 Calgarians when completed. TriView was engaged by Hopewell to find a partner to develop the remainder of the Mahogany community. The funding criteria included no funds from U.S. or Western Canadian investor and a tight time frame. TriView was able to bring together Tricon and Hopewell and a commitment of $60,000,000 to support Mahogany. TriView, as an EMD, was able to secure a large private debt transaction, which will foster the continued development of an award-winning master planned community in Calgary.
Archived Press Releases
September 1, 2014 – TriView Capital Announces Sponsorship of Michael Campbell’s Money Talks
Archived Press Releases
The Money Talks Interviews
Sept 10, 2016 Craig Burrows speaks with Michael Campbell.
Dec 3, 2016 Craig Burrows speaks with Michael Campbell.
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