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FINANCIAL | Lending
homeq.ca

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Stage

Acq - Fin | Alive

Valuation

$0000 

About HOMEQ Corporation

HOMEQ Corporation, through its wholly-owned subsidiary, HomEquity Bank originates and administers a portfolio of reverse mortgages under the CHIP Home Income Plan label.In March 2012, HOMEQ Corporation was acquried by Birch Hill Equity Partners. The valuation of HOMEQ Corporation was $138 million.

HOMEQ Corporation Headquarter Location

45 St. Clair Avenue West Suite 600

Toronto, Ontario, M4V 1K9,

Canada

416-925-4757

Latest HOMEQ Corporation News

HOMEQ Corporation Closes Arrangement with Birch Hill Equity Partners

Jul 23, 2019

Toronto, November 30, 2012 – HOMEQ Corporation (“HOMEQ”) (TSX: HEQ) announced today the closing of the previously announced arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) involving HOMEQ and Monaco Acquisition Inc., an entity controlled by Birch Hill Equity Partners (“Birch Hill”). Under the Arrangement, Birch Hill has indirectly acquired all of the outstanding common shares of HOMEQ for cash at a price of $9.50 per common share. It is expected that the HOMEQ shares will be delisted from the Toronto Stock Exchange shortly hereafter. HOMEQ will also apply to cease to be a reporting issuer. About HOMEQ HOMEQ’s wholly owned subsidiary HomEquity Bank is the only national provider of reverse mortgages to homeowners aged 55 and over, Canada’s fastest growing demographic segment. HomEquity Bank originates and administers Canada’s largest portfolio of reverse mortgages under the CHIP Home Income Plan brand. As of September 30, 2012, the mortgage portfolio comprised approximately 9,500 reverse mortgages with an accrued value of $1.3 billion, secured by residential properties across Canada worth approximately $3.5 billion. HomEquity Bank has been the main underwriter of reverse mortgages in Canada since its predecessor, Canadian Home Income Plan, pioneered the concept in 1986. HOMEQ’s shares trade on the Toronto Stock Exchange under the symbol HEQ. Additional information on HOMEQ, including annual and quarterly reports can be viewed at www.homeq.ca. About Birch Hill With $2 billion in capital under management, Birch Hill has invested in more than 50 investments since 1994; Birch Hill is the leader in long-term value creation in the Canadian mid market. For more information about Birch Hill Equity Partners, please visit www.birchhillequity.com. Contact:

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