Penfund, an independent provider of junior capital to North American middle market companies, announced the completion of a CAD$70 million ($52.4 million) subordinated debt investment in CBI Health Group (CBIH), a portfolio company of OMERS Private Equity. Penfund acted as lead lender and agent for the subordinated debt facility, which supported a comprehensive refinancing of CBIH’s existing credit facilities.
Headquartered in Toronto, Canada, CBIH is a provider of community-based healthcare. The company operates across Canada and does business through two segments, rehabilitation services and home healthcare services. CBIH has approximately 13,000 staff across over 250 locations, supporting more than 800 communities.
“CBIH plays a critical role in the Canadian healthcare ecosystem. We first invested in CBIH in 2018 and we are thrilled to continue our partnership,” Adam Breslin, partner at Penfund, said.
“We have a longstanding relationship with OMERS and are delighted to support them through CBIH’s next stage of growth,” Jeremy Thompson, partner at Penfund, said.
