Torrent Capital is a publicly traded investment fund that typically holds 6-10 core equity positions in small cap companies that the investment team deems to be trading at a discount to their intrinsic value and/or growth prospects. The Fund is sector agnostic with the ability to take advantage of opportunities across a wide range of industries and stages of development.
Wade Dawe calls it a “win-win-win” deal.
That’s how the president of Torrent Capital Ltd. sums up the deal between the Nova Scotia based company and the Port of Argentia in Newfoundland, creating the joint venture company Argentia Capital Inc. (ACI).
The deal was announced in a Sept. 21 news release from the Port of Argentia.
Port officials say the new joint venture will focus on construction of port infrastructure, and provision of services and equity ownership in businesses that support aquaculture, renewable energy and oil and gas sectors, as well as other developments.