Investments

Focus

  • Small cap public & private companies

  • Significant minority and/or control positions

  • Capital structure agnostic

Approach

  • Disciplined

  • Long-term

  • Active

  • Concentrated

Structure

  • Permanent capital to maximize compounding

  • Efficient operating structure

  • Internally managed i.e. no management fees

Team

  • Aligned with shareholders

  • Proven operators

  • Long-term track record
Portfolio Fair Value As at March 31, 2021
Industry Breakdown As at March 31, 2021 of deployed capital in disclosed investments
Portfolio
Listings Type:
12.6% Share of portfolio fair value
As at 2021-03-31
PUBLIC INVESTMENT
12.6% Share of portfolio fair value As at 2021-03-31
11.4% Percent of Company Owned
Invested Since 2020-02-01 https://www.hamiltonthorne.com/

Hamilton Thorne Ltd. (“Hamilton Thorne”) is a leading manufacturer and distributor of equipment, precision instruments, consumables and software and services to the global Assisted Reproductive Technologies market. The company is headquartered in Beverly, Massachusetts and has manufacturing operations in the United Kingdom and Germany, with sales and support infrastructure serving over 75 countries.

Sector Health Care
Sales (Net) US$40 million (2020)
Stock Ticker

TSX: HTL

Head Office Beverly, MA
Board Representation Marc Robinson
11.9% Share of portfolio fair value
As at 2021-03-31
PUBLIC INVESTMENT
11.9% Share of portfolio fair value As at 2021-03-31
6.1% Percent of Company Owned
Invested Since 2020-02-01 https://company.isc.ca/home/default.aspx

Information Services Corporation (“Information Services”) is a leading provider of registry and information management services and technology for public data and records. The company’s largest segment, the Registry segment, holds the Master Service Agreement to manage the real estate, property and corporate registry in Saskatchewan. The company is headquartered in Regina, Saskatchewan.

Sector Infrastructure / Business Process Outsourcing
Sales (Net) $137 million (2020)
Stock Ticker

TSX: ISV

Head Office Regina, SK
10.4% Share of portfolio fair value
As at 2021-03-31
PUBLIC INVESTMENT
10.4% Share of portfolio fair value As at 2021-03-31
7.6% Percent of Company Owned
Invested Since 2021-03-08 https://www.quisitive.com/

Quisitive Technology Solutions (“Quisitive”) is a leading Microsoft solutions provider that helps enterprises move, operate, and innovate in the Microsoft cloud. The company also provides proprietary SaaS solutions such as emPerform and LedgerPay Sector Technology

Sector Technology
Sales (Net) US$71 million (Pro Forma-LTM Sep 30, 2020)
Stock Ticker

TSX: QUIS

Head Office Toronto, ON
Governance Rights FAX has the right to nominate one member to the board of directors of Quisitive
8.9% Share of portfolio fair value
As at 2021-03-31
PUBLIC INVESTMENT
8.9% Share of portfolio fair value As at 2021-03-31
6.9% Percent of Company Owned
Invested Since 2020-02-01 http://www.points.com/

Points International Ltd. (“Points”) is the global leading provider of e-commerce and technology solutions to the loyalty industry, connecting loyalty programs, third party brands and consumers across a global transaction platform. The company is headquartered in Toronto, Canada and maintains offices in San Francisco, United States, London, England, Singapore and Dubai.

Sector Technology
Sales (Net) (Gross Profit):US$35 million (2020)
Stock Ticker

TSX: PTS

NASDAQ: PCOM

Head Office Toronto, ON
6.0% Share of portfolio fair value
As at 2021-03-31
PRIVATE INVESTMENT
6.0% Share of portfolio fair value As at 2021-03-31
78.0% Percent of Company Owned
Invested Since 2021-03-23 https://www.carsondunlop.com/

Carson Dunlop is a leading provider of proprietary technology-enabled education services and software for home inspectors across Canada and the United States, as well as a leading provider of home inspections services in the Greater Toronto Area. Carson Dunlop’s direct to consumer online education business through its private career college is the market share leader in Canada with a growing presence in the United States, and its curriculum is also utilized by third-party colleges and associations. Its home inspection software tools and mobile app, provided on a subscription basis, are used to generate home inspections in over 220,000 homes annually across the United States and Canada. Carson Dunlop was founded in 1978. FAX Capital’s ownership of Carson Dunlop is held through its wholly owned platform company, which will leverage Carson Dunlop as its foundational asset as it focuses on organic growth initiatives and acquisition opportunities of complementary businesses within property technology, education technology and home services.

Sector Technology
Head Office Toronto, ON
Past Investments
public Investment

Owned April 2020 to February 2021
Acquired by Goldman Sachs Merchant Banking

Interested?

If you have an opportunity in mind, please contact us at info@faxcapitalcorp.com. We promise the strictest confidence and will respond to inquiries promptly.