TORONTO, Aug. 4, 2022 /CNW/ – Chesswood Group Limited (“Chesswood” or the “Company”) (TSX: CHW), a publicly traded North American specialty finance company providing commercial equipment leases and loans, automotive loans, home improvement financing, and asset management, today reported its results for the three and six months ended June 30, 2022.
Q2 2022 Highlights
- Successful acquisition on May 25, 2022 of Waypoint Investment Partners Inc., an integrated platform to structure and distribute private credit solutions to Canadian investors.
- Strong origination volumes of $467.7 million in the equipment finance segment and $35.4 million in the automotive finance segment, resulting in record gross finance receivables of $2.5 billion as at June 30, 2022.
- Utilized off balance sheet funding with a third party institutional investor for US$97.4 million of net investment in finance…