Beedie Capital Partners Provides Growth Capital to GuestLogix
GuestLogix Announces Closing of CDN$9 Million Credit Agreement
June 8, 2015
Vancouver, British Columbia - Beedie Capital Partners (“BCP”) is pleased to announce the closing of a financing for GuestLogix Inc. (“GuestLogix” or the “Company”). BCP has provided a secured credit facility to support the continued growth of the Company. In connection with the loan BCP will receive warrants to purchase common shares of GuestLogix.
Link to Company Press Release
GuestLogix Inc. (GXI.TO), is a global leader in comprehensive merchandising, payment and business intelligence technology delivered to the passenger travel industry, both onboard and off-board. Bringing over a decade of expertise as the industry's most trusted onboard transaction processing partner to airlines, rail operators and elsewhere in the passenger travel industry, GuestLogix powers the industry's growing reliance on ancillary revenue generation. Both direct to operators as well as through partnerships with global leaders in catering, duty-free, inflight entertainment and self-service retail experts, the Company provides the payment services touching over 1 billion travelling consumers each year. On December 23, 2014, GuestLogix announced the acquisition of OpenJaw Technologies, a Dublin-based technology company focused on travel retailing innovation in the e-commerce segment. GuestLogix' global headquarters and centre for product innovation is located in Toronto, with regional offices located in Dallas, London, Dublin, Galway, Madrid and Hong Kong, and product innovation labs located in Moncton and Kraków. More information is available at www.guestlogix.com and www.openjawtech.com.
About Beedie Capital Partners
Beedie Capital Partners ("BCP") is the non-real estate investment arm of Beedie Development Group, the largest private industrial land owner, developer and landlord in Metro Vancouver. In partnership with Bond Capital, BCP seeks to deploy Private Equity and Private Debt by collaborating with ambitious operators of public and private companies. Visit www.beediecapital.com and www.beediegroup.ca to learn more.
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