@poseidonos.com
CAMPBELL RIVER – Private Debt Partners welcomes Poseidon Ocean Systems Ltd. to their portfolio of clients. A deal between the companies was funded on January 30th, 2023, from PDP’s Senior Opportunities Fund (“SOF”). The funding will be used to fuel the Company’s international expansion in South America with their existing blue-chip customer base.
“To support the recent growth within Poseidon’s business, we are pleased to embark on a new financing partnership with PDP. We are excited to have a lending partner who took the time to understand what drives our business and provide a financing that was bespoke to Poseidon and will act as a catalyst for our future growth,” said Poseidon Ocean Systems Founder and CCO Heather Clarke.
Poseidon Ocean Systems is a Canadian full-service aquaculture engineering and technology provider, that specializes in saltwater aquaculture infrastructure and life support design, engineering, product development and supply. The Company is headquartered in Campbell River, BC.
“We are excited to provide Poseidon with capital to support their international expansion. Our team was very impressed with the Poseidon management team and their proprietary products that are leading to advances in the global salmon farming industry,” said PDP Managing Partner Greg Dimmer.
This transaction demonstrates the continuing deployment of PDP’s Senior Opportunities Fund. The transaction marks PDP’s seventh portfolio loan since April 2021 as our investment team is actively working to deploy senior term financing solutions to growing companies in the Canadian mid-market.
Private Debt Partners is a private debt firm solely focused on Canadian mid-market opportunities that originates and structures senior secured term loans to high-quality companies.
Business Examiner Staff